American Century Companies Inc. Sells 6,063 Shares of Bank of Hawaii Co. (NYSE:BOH)

American Century Companies Inc. trimmed its stake in Bank of Hawaii Co. (NYSE:BOH) by 0.9% in the 4th quarter, HoldingsChannel reports. The firm owned 702,374 shares of the bank’s stock after selling 6,063 shares during the period. American Century Companies Inc.’s holdings in Bank of Hawaii were worth $50,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Bank of Hawaii in the fourth quarter worth about $50,000. Smartleaf Asset Management LLC grew its stake in shares of Bank of Hawaii by 204.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock valued at $110,000 after acquiring an additional 1,037 shares during the period. KBC Group NV increased 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 worth $139,000 after acquiring an additional 812 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in Bank of Hawaii by 29.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock worth $150,000 after acquiring an additional 536 shares during the period. Finally, Xponance Inc. purchased a new position in Bank of Hawaii during the fourth quarter valued at approximately $201,000. 82.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BOH has been the topic of several recent analyst reports. Stephens began coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective on the stock. Keefe, Bruyette & Woods raised their price target 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. Barclays boosted their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Piper Sandler lifted 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. Finally, DA Davidson boosted their price target on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.00.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Taryn L. Salmon sold 449 shares of the company’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 transaction of $33,661.53. Following the sale, the insider now directly owns 9,880 shares in the company, valued at $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $75.08, for a total value of $150,160.00. Following the completion of the transaction, the chief accounting officer now owns 9,173 shares of the company’s stock, valued at approximately $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.

Bank of Hawaii Trading Up 0.7 %

Shares of BOH stock opened at $70.19 on Thursday. 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 market capitalization of $2.79 billion, a price-to-earnings ratio of 20.29 and a beta of 1.01. Bank of Hawaii Co. has a 12-month low of $54.50 and a 12-month high of $82.70. The stock’s 50-day moving average price is $71.39 and its 200-day moving average price is $70.83.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share (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%. Equities research analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Friday, February 28th. Bank of Hawaii’s payout ratio is 80.92%.

Bank of Hawaii 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.