Natixis Advisors LLC Has $20.50 Million Stock Holdings in Bank of Hawaii Co. (NYSE:BOH)

Natixis Advisors LLC trimmed its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 287,761 shares of the bank’s stock after selling 4,362 shares during the quarter. Natixis Advisors LLC owned 0.72% of Bank of Hawaii worth $20,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Bank of Hawaii during the fourth quarter valued at approximately $50,000. Smartleaf Asset Management LLC boosted its holdings in Bank of Hawaii by 204.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after purchasing an additional 1,037 shares in the last quarter. KBC Group NV boosted its holdings in Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank’s stock valued at $139,000 after purchasing an additional 812 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Bank of Hawaii by 29.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock valued at $150,000 after purchasing an additional 536 shares in the last quarter. Finally, Trust Point Inc. acquired a new stake in Bank of Hawaii during the fourth quarter valued at approximately $204,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 449 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the transaction, the insider now owns 9,880 shares of the company’s stock, valued at $740,703.60. The trade was a 4.35 % decrease in their position. The sale 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 business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at $688,708.84. This trade represents a 17.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

BOH has been the topic of a number of recent research reports. DA Davidson lifted 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. Keefe, Bruyette & Woods lifted their target price on shares of 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. Piper Sandler lifted their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Barclays lifted their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Finally, Stephens started coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price for the company. Three 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $73.00.

Bank of Hawaii Stock Performance

BOH stock opened at $68.72 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The company has a 50 day moving average price of $71.44 and a 200 day moving average price of $70.69. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The stock has a market capitalization of $2.73 billion, a PE ratio of 19.86 and a beta of 1.01.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate 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 year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Friday, February 28th. Bank of Hawaii’s payout ratio is 80.92%.

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.