Intech Investment Management LLC Has $1.04 Million Holdings in Bank of Hawaii Co. (NYSE:BOH)

Intech Investment Management LLC increased its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 48.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,581 shares of the bank’s stock after purchasing an additional 4,780 shares during the period. Intech Investment Management LLC’s holdings in Bank of Hawaii were worth $1,039,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Cibc World Markets Corp acquired a new position in shares of Bank of Hawaii during the 4th quarter valued at about $261,000. Corient Private Wealth LLC increased its holdings in shares of Bank of Hawaii by 2.7% during the 4th quarter. Corient Private Wealth LLC now owns 25,175 shares of the bank’s stock valued at $1,793,000 after acquiring an additional 663 shares during the last quarter. Swiss National Bank increased its holdings in shares of Bank of Hawaii by 0.8% during the 4th quarter. Swiss National Bank now owns 78,137 shares of the bank’s stock valued at $5,566,000 after acquiring an additional 600 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Bank of Hawaii by 5.8% during the 4th quarter. HighTower Advisors LLC now owns 25,024 shares of the bank’s stock valued at $1,783,000 after acquiring an additional 1,369 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Bank of Hawaii by 24.2% during the 4th quarter. AlphaQuest LLC now owns 36,076 shares of the bank’s stock valued at $2,570,000 after acquiring an additional 7,039 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of BOH stock opened at $68.25 on Friday. The stock has a 50 day moving average of $71.39 and a two-hundred day moving average of $70.72. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The company has a market capitalization of $2.72 billion, a P/E ratio of 19.72 and a beta of 1.01.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. As a group, equities analysts expect that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.10%. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler increased their target price 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. DA Davidson increased their target price 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. Barclays increased their target price 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. Finally, Stephens assumed coverage on Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price for the company. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $73.00.

Insiders Place Their Bets

In related news, CAO Patrick M. Mcguirk sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was 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 owns 9,173 shares in the company, valued at $688,708.84. This trade represents a 17.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Taryn L. Salmon sold 449 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 9,880 shares of the company’s stock, valued at $740,703.60. This trade represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.11% 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.