CKW Financial Group Sells 471 Shares of Bank of Hawaii Co. (NYSE:BOH)

CKW Financial Group cut its stake in Bank of Hawaii Co. (NYSE:BOH) by 10.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,175 shares of the bank’s stock after selling 471 shares during the period. CKW Financial Group’s holdings in Bank of Hawaii were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bank of Hawaii during the 2nd quarter valued at about $106,000. Point72 DIFC Ltd bought a new position in Bank of Hawaii in the second quarter valued at approximately $119,000. UMB Bank n.a. grew its holdings in Bank of Hawaii by 5,508.3% during the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock worth $169,000 after acquiring an additional 2,644 shares during the period. Rothschild Investment LLC bought a new stake in shares of Bank of Hawaii during the 2nd quarter valued at $172,000. Finally, Bridges Investment Management Inc. acquired a new position in shares of Bank of Hawaii in the 2nd quarter valued at $205,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now owns 13,717 shares in the company, valued at $991,327.59. This trade represents a 8.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.47% of the stock is owned by insiders.

Bank of Hawaii Stock Down 0.5 %

BOH traded down $0.44 during trading on Tuesday, reaching $80.07. The company had a trading volume of 21,958 shares, compared to its average volume of 322,664. The company has a market cap of $3.18 billion, a P/E ratio of 24.18, a PEG ratio of 5.27 and a beta of 1.03. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. 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 business’s fifty day moving average price is $69.50 and its 200 day moving average price is $64.40.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The business had revenue of $265.76 million for the quarter, compared to analysts’ expectations of $160.29 million. Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. During the same period in the previous year, the firm posted $1.17 EPS. Equities analysts anticipate that Bank of Hawaii Co. will post 3.52 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.50%. Bank of Hawaii’s payout ratio is presently 84.08%.

Analysts Set New Price Targets

A number of brokerages recently commented on BOH. Piper Sandler lifted their price objective on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Barclays upped their price target on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. DA Davidson increased their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.80.

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.