Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its position in Bank of Hawaii Co. (NYSE:BOH) by 1.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 292,123 shares of the bank’s stock after selling 3,755 shares during the period. Natixis Advisors LLC owned approximately 0.73% of Bank of Hawaii worth $18,337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in shares of Bank of Hawaii by 43.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,309 shares of the bank’s stock valued at $522,000 after acquiring an additional 2,500 shares during the last quarter. GSA Capital Partners LLP raised its stake in Bank of Hawaii by 284.3% during the 3rd quarter. GSA Capital Partners LLP now owns 20,885 shares of the bank’s stock valued at $1,311,000 after purchasing an additional 15,450 shares during the period. Crestwood Advisors Group LLC acquired a new stake in Bank of Hawaii during the 3rd quarter valued at $207,000. Congress Asset Management Co. raised its stake in Bank of Hawaii by 30.5% during the 3rd quarter. Congress Asset Management Co. now owns 61,134 shares of the bank’s stock valued at $3,837,000 after purchasing an additional 14,286 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Bank of Hawaii by 11.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,205 shares of the bank’s stock worth $1,511,000 after acquiring an additional 2,566 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $77.01 on Wednesday. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $81.45. 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 business’s 50 day moving average is $68.28 and its 200-day moving average is $63.85. The firm has a market capitalization of $3.06 billion, a PE ratio of 23.13, a PEG ratio of 5.10 and a beta of 1.03.

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 firm had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. During the same quarter in the previous year, the company earned $1.17 earnings per share. Sell-side analysts predict that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.64%. Bank of Hawaii’s dividend payout ratio is 84.08%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BOH. DA Davidson upped their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Barclays upped 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. Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Piper Sandler increased their price target on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.80.

Insiders Place Their Bets

In other Bank of Hawaii 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 directly owns 13,717 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. Company insiders own 2.47% of the company’s stock.

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.