Vestmark Advisory Solutions Inc. Boosts Holdings in Bank of Hawaii Co. (NYSE:BOH)

Vestmark Advisory Solutions Inc. lifted its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 65.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,797 shares of the bank’s stock after purchasing an additional 3,087 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Bank of Hawaii were worth $555,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Bank of Hawaii during the 4th quarter worth about $50,000. Smartleaf Asset Management LLC grew its holdings in shares of Bank of Hawaii by 204.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock worth $110,000 after purchasing an additional 1,037 shares during the period. KBC Group NV grew its holdings in shares of Bank of Hawaii by 70.9% during the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after purchasing an additional 812 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Bank of Hawaii by 29.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock worth $150,000 after purchasing an additional 536 shares during the period. Finally, Trust Point Inc. purchased a new stake in shares of Bank of Hawaii during the 4th quarter worth about $204,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

Shares of BOH opened at $69.72 on Friday. The business’s 50 day moving average is $71.87 and its two-hundred day moving average is $70.62. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 20.15 and a beta of 1.00. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. Analysts forecast that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Friday, February 28th. Bank of Hawaii’s payout ratio is 80.92%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BOH shares. Piper Sandler boosted their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens initiated coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target on the stock. DA Davidson boosted their price target on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Finally, Barclays boosted their price target on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. 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. According to MarketBeat.com, Bank of Hawaii has an average rating of “Hold” and a consensus target price of $73.00.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 449 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following the sale, the insider now directly owns 9,880 shares of the company’s stock, valued at approximately $740,703.60. This represents a 4.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares in the company, valued at approximately $688,708.84. This represents a 17.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by corporate insiders.

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.