Quantinno Capital Management LP Increases Stake in Bank of Hawaii Co. (NYSE:BOH)

Quantinno Capital Management LP raised its holdings in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 68.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,574 shares of the bank's stock after acquiring an additional 9,547 shares during the quarter. Quantinno Capital Management LP owned approximately 0.06% of Bank of Hawaii worth $1,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Bank of Hawaii by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank's stock valued at $329,001,000 after purchasing an additional 31,918 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Bank of Hawaii by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock valued at $111,955,000 after buying an additional 60,092 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Bank of Hawaii by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 840,574 shares of the bank's stock valued at $59,884,000 after buying an additional 42,719 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Bank of Hawaii in the fourth quarter worth $54,309,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Bank of Hawaii by 558.1% during the fourth quarter. Ameriprise Financial Inc. now owns 646,890 shares of the bank's stock worth $46,084,000 after acquiring an additional 548,599 shares during the last quarter. 82.18% of the stock is owned by institutional investors.

Insider Activity at Bank of Hawaii

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

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock traded up $0.28 during trading hours on Tuesday, reaching $67.17. The company's stock had a trading volume of 19,843 shares, compared to its average volume of 380,353. The firm has a 50 day moving average price of $66.60 and a 200-day moving average price of $70.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $2.67 billion, a P/E ratio of 19.41 and a beta of 0.76. Bank of Hawaii Co. has a one year low of $54.50 and a one year high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The company had revenue of $169.87 million for the quarter, compared to analysts' expectations of $168.65 million. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. During the same period in the previous year, the firm posted $0.87 earnings per share. On average, analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a yield of 4.17%. Bank of Hawaii's payout ratio is presently 78.65%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Piper Sandler lifted 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. DA Davidson lifted their target price on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Finally, Barclays boosted their target price 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. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $73.17.

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.