American Century Companies Inc. Has $38.65 Million Stake in Bank of Hawaii Co. (NYSE:BOH)

American Century Companies Inc. boosted its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 8.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675,615 shares of the bank’s stock after purchasing an additional 54,078 shares during the period. American Century Companies Inc. owned 1.70% of Bank of Hawaii worth $38,652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TFO Wealth Partners LLC increased its holdings in Bank of Hawaii by 9,660.0% during the 4th quarter. TFO Wealth Partners LLC now owns 488 shares of the bank’s stock valued at $362,000 after purchasing an additional 483 shares in the last quarter. Quest Partners LLC acquired a new stake in Bank of Hawaii during the 4th quarter valued at $41,000. Clearbridge Investments LLC acquired a new stake in Bank of Hawaii during the 4th quarter valued at $217,000. Rothschild Investment LLC acquired a new stake in Bank of Hawaii during the 2nd quarter valued at $172,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Bank of Hawaii during the 1st quarter valued at $244,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock opened at $64.90 on Wednesday. The company has a market capitalization of $2.58 billion, a PE ratio of 16.69 and a beta of 1.05. Bank of Hawaii Co. has a 12 month low of $45.56 and a 12 month high of $75.19. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $65.22 and its 200 day simple moving average is $60.98.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). The business had revenue of $255.62 million for the quarter, compared to analyst estimates of $157.12 million. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. During the same period in the previous year, the business posted $1.12 EPS. On average, research analysts predict that Bank of Hawaii Co. will post 3.45 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Friday, August 30th. Bank of Hawaii’s payout ratio is presently 72.16%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BOH. Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $58.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, July 23rd. StockNews.com upgraded Bank of Hawaii to a “sell” rating in a research report on Thursday, May 30th. Piper Sandler lowered Bank of Hawaii from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $70.00 to $61.00 in a research report on Monday, August 12th. Jefferies Financial Group increased their price objective on Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Finally, DA Davidson raised their price target on Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $59.00.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 2,364 shares of Bank of Hawaii stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $67.80, for a total value of $160,279.20. Following the sale, the insider now owns 10,785 shares of the company’s stock, valued at approximately $731,223. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.