Brueske Advisory Services LLC Purchases New Holdings in Bank of Hawaii Co. (NYSE:BOH)

Brueske Advisory Services LLC purchased a new stake in shares of Bank of Hawaii Co. (NYSE:BOH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,759 shares of the bank’s stock, valued at approximately $339,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Bank of Hawaii by 5.0% during the third quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock valued at $140,897,000 after acquiring an additional 106,717 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Bank of Hawaii by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock valued at $94,872,000 after acquiring an additional 35,187 shares during the period. Geode Capital Management LLC increased its stake in Bank of Hawaii by 1.2% during the third quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock valued at $57,025,000 after acquiring an additional 10,357 shares during the period. Principal Financial Group Inc. increased its stake in Bank of Hawaii by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank’s stock valued at $13,729,000 after acquiring an additional 5,451 shares during the period. Finally, Congress Asset Management Co. increased its stake in Bank of Hawaii by 108.6% during the fourth quarter. Congress Asset Management Co. now owns 127,500 shares of the bank’s stock valued at $9,083,000 after acquiring an additional 66,366 shares during the period. 82.18% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Bank of Hawaii news, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii 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 transaction, the chief accounting officer now directly owns 9,173 shares in the company, valued at approximately $688,708.84. The trade was a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Taryn L. Salmon sold 449 shares of Bank of Hawaii stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the transaction, the insider now owns 9,880 shares in the company, valued at approximately $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stephens started coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target on the stock. DA Davidson upped their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Piper Sandler upped their price objective 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. Keefe, Bruyette & Woods upped their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Barclays upped their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $73.00.

Bank of Hawaii Stock Down 0.0 %

NYSE:BOH opened at $70.90 on Thursday. The stock’s fifty day moving average price is $71.81 and its two-hundred day moving average price is $70.32. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. 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 company has a market cap of $2.82 billion, a price-to-earnings ratio of 20.49 and a beta of 1.04.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. On average, analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.95%. The ex-dividend date is Friday, February 28th. Bank of Hawaii’s dividend payout ratio is 80.92%.

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.