Bank of Hawaii Co. (NYSE:BOH) Holdings Raised by Northern Trust Corp

Northern Trust Corp increased its position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 440,635 shares of the bank's stock after buying an additional 37,078 shares during the period. Northern Trust Corp owned about 1.11% of Bank of Hawaii worth $31,391,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in Bank of Hawaii by 91.2% in the third quarter. Barclays PLC now owns 93,504 shares of the bank's stock valued at $5,870,000 after purchasing an additional 44,599 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Bank of Hawaii by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 86,591 shares of the bank's stock valued at $5,435,000 after purchasing an additional 10,390 shares during the last quarter. Cadinha & Co. LLC increased its stake in Bank of Hawaii by 12.2% in the fourth quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank's stock valued at $277,000 after purchasing an additional 423 shares during the last quarter. KBC Group NV grew its position in shares of Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank's stock worth $139,000 after acquiring an additional 812 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its position 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 worth $1,168,000 after acquiring an additional 154 shares during the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the company's 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 owns 6,442 shares in the company, valued at $426,138.30. This represents a 20.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.07% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BOH. DA Davidson lifted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, January 28th. Piper Sandler lifted their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a research report on Tuesday, January 28th. Finally, Barclays lifted their price objective on shares of Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $73.17.

Bank of Hawaii Trading Down 0.0%

BOH traded down $0.01 during midday trading on Friday, hitting $70.04. The company's stock had a trading volume of 110,651 shares, compared to its average volume of 376,589. The firm has a market cap of $2.78 billion, a P/E ratio of 20.23 and a beta of 0.76. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $66.51 and a two-hundred day moving average price of $71.09.

Bank of Hawaii (NYSE:BOH - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The business had revenue of $169.87 million for the quarter, compared to analyst estimates 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 company posted $0.87 EPS. On average, research analysts anticipate that Bank of Hawaii Co. will post 3.97 earnings per share 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. Shareholders of record on Friday, May 30th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Friday, May 30th. Bank of Hawaii's dividend payout ratio is presently 78.65%.

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.