North Reef Capital Management LP Has $19.59 Million Holdings in Bank of Hawaii Co. (NYSE:BOH)

North Reef Capital Management LP lowered its stake in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 51.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 275,000 shares of the bank's stock after selling 289,980 shares during the period. Bank of Hawaii makes up 0.9% of North Reef Capital Management LP's investment portfolio, making the stock its 24th biggest holding. North Reef Capital Management LP owned about 0.69% of Bank of Hawaii worth $19,591,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Perigon Wealth Management LLC lifted its stake in shares of Bank of Hawaii by 0.9% during the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank's stock valued at $1,168,000 after acquiring an additional 154 shares during the period. Mariner LLC grew its holdings in shares of Bank of Hawaii by 1.7% during the fourth quarter. Mariner LLC now owns 9,076 shares of the bank's stock worth $647,000 after buying an additional 154 shares in the last quarter. Bank of Montreal Can raised its position in Bank of Hawaii by 5.9% in the 4th quarter. Bank of Montreal Can now owns 4,592 shares of the bank's stock valued at $327,000 after buying an additional 254 shares during the last quarter. Summit Investment Advisors Inc. raised its position in Bank of Hawaii by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,089 shares of the bank's stock valued at $291,000 after buying an additional 260 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in Bank of Hawaii by 1.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 22,060 shares of the bank's stock valued at $1,572,000 after buying an additional 324 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company's stock.

Insider Activity at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 1,652 shares of the company's 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 owns 6,442 shares of the company's stock, valued at $426,138.30. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $75.08, for a total transaction of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares of the company's stock, valued at $688,708.84. This represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,101 shares of company stock worth $293,101. Corporate insiders own 2.07% of the company's stock.

Bank of Hawaii Stock Performance

Shares of BOH stock traded down $0.58 on Wednesday, hitting $66.21. The company's stock had a trading volume of 112,807 shares, compared to its average volume of 369,155. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The stock's 50 day moving average is $66.97 and its 200-day moving average is $70.99. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The company has a market capitalization of $2.63 billion, a PE ratio of 19.14 and a beta of 0.87.

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, beating the consensus estimate 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 business had revenue of $169.87 million for the quarter, compared to the consensus estimate of $168.65 million. During the same period in the prior year, the company posted $0.87 earnings per share. Equities research analysts expect that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.23%. Bank of Hawaii's dividend payout ratio (DPR) is presently 78.65%.

Analysts Set New Price Targets

BOH has been the subject of a number of analyst reports. Barclays raised 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 increased 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 lifted 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. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $73.17.

Bank of Hawaii Company 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.