Swedbank AB Sells 25,000 Shares of Bank of Hawaii Co. (NYSE:BOH)

Swedbank AB trimmed its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 3.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 700,000 shares of the bank’s stock after selling 25,000 shares during the quarter. Swedbank AB’s holdings in Bank of Hawaii were worth $43,939,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bank of Hawaii during the second quarter worth approximately $106,000. Point72 DIFC Ltd bought a new position in shares of Bank of Hawaii in the second quarter valued at $119,000. UMB Bank n.a. grew its holdings in shares of Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after buying an additional 2,644 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Bank of Hawaii during the second quarter worth about $172,000. Finally, Bridges Investment Management Inc. acquired a new stake in shares of Bank of Hawaii in the 2nd quarter worth about $205,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Stock Up 3.0 %

BOH stock opened at $80.28 on Monday. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 5.27 and a beta of 1.03. 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 stock has a fifty day moving average of $69.18 and a 200-day moving average of $64.25. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $81.45.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $160.29 million. During the same period last year, the firm earned $1.17 EPS. As a group, equities research analysts predict that Bank of Hawaii Co. will post 3.52 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

Insider Activity at Bank of Hawaii

In related news, insider Matthew Emerson sold 1,355 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. The trade was a 8.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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