Marshall Wace LLP Reduces Position in Bank of Hawaii Co. (NYSE:BOH)

Marshall Wace LLP lowered its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 63.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,857 shares of the bank's stock after selling 27,559 shares during the period. Marshall Wace LLP's holdings in Bank of Hawaii were worth $1,130,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Bank of Hawaii in the 4th quarter valued at $50,000. Headlands Technologies LLC raised its holdings in Bank of Hawaii by 285.8% in the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock worth $68,000 after purchasing an additional 703 shares during the period. CoreFirst Bank & Trust purchased a new position in Bank of Hawaii during the fourth quarter worth approximately $70,000. Smartleaf Asset Management LLC grew its holdings in Bank of Hawaii by 204.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock valued at $110,000 after purchasing an additional 1,037 shares during the period. Finally, KBC Group NV increased its position in shares of Bank of Hawaii by 70.9% in the fourth quarter. KBC Group NV now owns 1,957 shares of the bank's stock valued at $139,000 after buying an additional 812 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.

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 dated 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 sale, the insider now directly owns 6,442 shares in the company, valued at $426,138.30. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.07% of the stock is owned by insiders.

Bank of Hawaii Trading Up 1.7 %

NYSE:BOH traded up $1.16 during trading hours on Friday, hitting $68.31. The company had a trading volume of 250,074 shares, compared to its average volume of 370,707. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70. The company has a market cap of $2.72 billion, a P/E ratio of 19.74 and a beta of 0.87. The company has a 50-day moving average of $66.77 and a 200 day moving average of $70.97. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its 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. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. The company had revenue of $169.87 million for the quarter, compared to the consensus estimate of $168.65 million. During the same period in the previous year, the firm earned $0.87 earnings per share. Sell-side analysts expect that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii's dividend payout ratio is presently 78.65%.

Analysts Set New Price Targets

Several brokerages recently commented on BOH. DA Davidson boosted their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Piper Sandler upped their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Finally, Barclays lifted their price objective on Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a report on Tuesday, April 22nd. 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. According to MarketBeat.com, Bank of Hawaii has an average rating of "Hold" and an average 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.