Bank of Hawaii Co. (NYSE:BOH) Shares Sold by North Reef Capital Management LP

North Reef Capital Management LP trimmed its position in Bank of Hawaii Co. (NYSE:BOH) by 51.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 275,000 shares of the bank’s stock after selling 289,980 shares during the quarter. Bank of Hawaii comprises about 0.9% of North Reef Capital Management LP’s portfolio, making the stock its 24th biggest holding. North Reef Capital Management LP’s holdings in Bank of Hawaii were worth $19,591,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Barclays PLC raised its stake in Bank of Hawaii by 91.2% in the 3rd 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. boosted its position in shares of Bank of Hawaii by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,591 shares of the bank’s stock valued at $5,435,000 after acquiring an additional 10,390 shares during the last quarter. Cadinha & Co. LLC increased its position in Bank of Hawaii by 12.2% during the fourth quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock worth $277,000 after purchasing an additional 423 shares during the last quarter. KBC Group NV boosted its holdings in Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after purchasing an additional 812 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in shares of Bank of Hawaii by 0.9% in the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock valued at $1,168,000 after purchasing an additional 154 shares during the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BOH has been the topic of several recent analyst reports. Piper Sandler upped their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, January 28th. Barclays raised their price target on Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, DA Davidson boosted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Bank of Hawaii has a consensus rating of “Hold” and a consensus target price of $73.17.

Bank of Hawaii Trading Down 0.4 %

NYSE:BOH opened at $66.33 on Friday. Bank of Hawaii Co. has a 12-month low of $54.50 and a 12-month high of $82.70. The firm has a market cap of $2.64 billion, a PE ratio of 19.17 and a beta of 0.87. 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 stock has a fifty day moving average price of $67.38 and a 200 day moving average price of $70.91.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. The business had revenue of $169.87 million during the quarter, compared to analysts’ expectations of $168.65 million. During the same quarter last year, the business posted $0.87 EPS. Sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Friday, May 30th. Bank of Hawaii’s dividend payout ratio is presently 78.65%.

Insider Activity

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $74.97, for a total value of $33,661.53. Following the sale, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the transaction, the chief accounting officer now directly owns 9,173 shares of the company’s stock, 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. Company insiders own 2.07% of the company’s stock.

About Bank of Hawaii

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.