Dimensional Fund Advisors LP Acquires 42,719 Shares of Bank of Hawaii Co. (NYSE:BOH)

Dimensional Fund Advisors LP raised its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 840,574 shares of the bank's stock after purchasing an additional 42,719 shares during the quarter. Dimensional Fund Advisors LP owned 2.11% of Bank of Hawaii worth $59,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BOH. Swiss National Bank boosted its stake in shares of Bank of Hawaii by 0.8% in the 4th quarter. Swiss National Bank now owns 78,137 shares of the bank's stock valued at $5,566,000 after purchasing an additional 600 shares in the last quarter. JPMorgan Chase & Co. grew its position in Bank of Hawaii by 188.8% during the 4th quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank's stock worth $17,817,000 after acquiring an additional 163,503 shares during the last quarter. Principal Financial Group Inc. raised its position in Bank of Hawaii by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank's stock valued at $13,729,000 after purchasing an additional 5,451 shares during the last quarter. Barclays PLC raised its stake in shares of Bank of Hawaii by 91.2% in the third quarter. Barclays PLC now owns 93,504 shares of the bank's stock worth $5,870,000 after acquiring an additional 44,599 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Bank of Hawaii during the fourth quarter worth approximately $27,495,000. 82.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. DA Davidson boosted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Barclays raised their price target on Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 22nd. Finally, Piper Sandler boosted their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $73.17.

Insider Buying and Selling

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the transaction, the insider now directly owns 6,442 shares of the company's stock, valued at approximately $426,138.30. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.07% of the stock is currently owned by corporate insiders.

Bank of Hawaii Stock Performance

Shares of BOH stock traded up $0.65 during trading on Wednesday, reaching $68.46. 8,333 shares of the company's stock were exchanged, compared to its average volume of 369,752. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The stock has a market capitalization of $2.72 billion, a PE ratio of 19.79 and a beta of 0.76. The firm's fifty day moving average price is $66.64 and its 200-day moving average price is $71.00. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings results on Monday, April 21st. The bank reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. The business had revenue of $169.87 million for the quarter, compared to analyst estimates of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same period last year, the firm earned $0.87 earnings per share. As a group, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii's dividend payout ratio is presently 78.65%.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.