Charles Schwab Investment Management Inc. Boosts Position in Bank of Hawaii Co. (NYSE:BOH)

Charles Schwab Investment Management Inc. grew its position in Bank of Hawaii Co. (NYSE:BOH) by 2.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,511,420 shares of the bank’s stock after purchasing an additional 35,187 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Bank of Hawaii were worth $94,872,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB increased its holdings in Bank of Hawaii by 3.6% during the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank’s stock valued at $41,477,000 after acquiring an additional 25,000 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Bank of Hawaii during the 1st quarter worth approximately $832,000. American Century Companies Inc. raised its position in shares of Bank of Hawaii by 8.7% during the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock worth $38,652,000 after purchasing an additional 54,078 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Bank of Hawaii by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the bank’s stock valued at $2,052,000 after buying an additional 1,398 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in Bank of Hawaii in the 3rd quarter valued at approximately $1,823,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Stock Down 0.9 %

BOH opened at $79.81 on Wednesday. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 5.27 and a beta of 1.03. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 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 business has a 50-day moving average of $69.50 and a two-hundred day moving average of $64.40.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. The company had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. During the same quarter last year, the firm posted $1.17 earnings per share. On average, research analysts expect that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

Insiders Place Their Bets

In other news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the sale, the insider now owns 13,717 shares in the company, valued at approximately $991,327.59. The trade was a 8.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

BOH has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. DA Davidson boosted their target price on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Barclays raised their price target on shares of Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Piper Sandler upped their price objective on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $64.80.

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.