Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 188.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,094 shares of the bank's stock after purchasing an additional 163,503 shares during the quarter. JPMorgan Chase & Co. owned 0.63% of Bank of Hawaii worth $17,817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position 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 worth $329,001,000 after acquiring an additional 31,918 shares in the last quarter. State Street Corp raised its stake in shares of Bank of Hawaii by 5.0% during the third quarter. State Street Corp now owns 2,244,649 shares of the bank's stock valued at $140,897,000 after purchasing an additional 106,717 shares during the period. Charles Schwab Investment Management Inc. lifted 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 worth $111,955,000 after purchasing an additional 60,092 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Bank of Hawaii by 1.2% in the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank's stock valued at $57,025,000 after purchasing an additional 10,357 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Bank of Hawaii by 2.9% during 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 in the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BOH shares. Piper Sandler boosted their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, January 28th. Barclays reduced their price target on Bank of Hawaii from $66.00 to $64.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Finally, DA Davidson lifted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $72.67.

Bank of Hawaii Stock Up 0.5 %

Shares of Bank of Hawaii stock traded up $0.35 during trading on Thursday, reaching $64.58. The company had a trading volume of 96,308 shares, compared to its average volume of 363,832. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 18.71 and a beta of 0.87. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The firm's fifty day moving average is $68.29 and its 200-day moving average is $70.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. On average, analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii's dividend payout ratio is presently 80.92%.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the transaction, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. The trade was a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now owns 9,173 shares in the company, valued at $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.07% of the stock is owned by insiders.

Bank of Hawaii Profile

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.