Jefferies Financial Group Inc. Sells 14,646 Shares of Bank of Hawaii Co. (NYSE:BOH)

Jefferies Financial Group Inc. lessened its holdings in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 28.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,412 shares of the bank's stock after selling 14,646 shares during the period. Jefferies Financial Group Inc. owned approximately 0.09% of Bank of Hawaii worth $2,594,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. D. E. Shaw & Co. Inc. lifted its position in shares of Bank of Hawaii by 452.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 35,546 shares of the bank's stock worth $2,532,000 after purchasing an additional 29,114 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Bank of Hawaii by 26.7% during the 4th quarter. Deutsche Bank AG now owns 106,517 shares of the bank's stock worth $7,588,000 after purchasing an additional 22,422 shares during the last quarter. Cetera Investment Advisers increased its stake in Bank of Hawaii by 3.7% during the fourth quarter. Cetera Investment Advisers now owns 4,457 shares of the bank's stock valued at $318,000 after acquiring an additional 158 shares during the period. Balyasny Asset Management L.P. bought a new position in Bank of Hawaii during the fourth quarter valued at about $54,309,000. Finally, Bank of America Corp DE increased its stake in Bank of Hawaii by 24.5% during the fourth quarter. Bank of America Corp DE now owns 148,701 shares of the bank's stock valued at $10,593,000 after acquiring an additional 29,272 shares during the period. Institutional investors and hedge funds own 82.18% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on BOH shares. Barclays boosted their price target on Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a research note on Tuesday, April 22nd. Piper Sandler boosted their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a research note on Tuesday, January 28th. Finally, DA Davidson boosted their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $73.17.

Insider Transactions at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 1,652 shares of the 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 completion of the transaction, the insider now directly owns 6,442 shares of the company's stock, valued at approximately $426,138.30. This represents a 20.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.07% of the stock is currently owned by insiders.

Bank of Hawaii Price Performance

Shares of BOH traded down $0.07 during mid-day trading on Friday, reaching $69.98. The company had a trading volume of 352,592 shares, compared to its average volume of 378,440. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. 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 company's 50-day moving average is $66.56 and its 200-day moving average is $71.07. The company has a market capitalization of $2.78 billion, a P/E ratio of 20.23 and a beta of 0.76.

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

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.00%. Bank of Hawaii's 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.