Cerity Partners LLC Acquires 909 Shares of Bank of Hawaii Co. (NYSE:BOH)

Cerity Partners LLC lifted its holdings in Bank of Hawaii Co. (NYSE:BOH) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,380 shares of the bank’s stock after purchasing an additional 909 shares during the period. Cerity Partners LLC’s holdings in Bank of Hawaii were worth $965,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BOH. Nwam LLC acquired a new stake in shares of Bank of Hawaii in the third quarter worth about $228,000. Citigroup Inc. raised its stake in shares of Bank of Hawaii by 10.5% in the 3rd quarter. Citigroup Inc. now owns 86,486 shares of the bank’s stock valued at $5,429,000 after acquiring an additional 8,207 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Bank of Hawaii by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock worth $94,872,000 after purchasing an additional 35,187 shares during the last quarter. Intech Investment Management LLC bought a new stake in Bank of Hawaii during the third quarter worth approximately $615,000. Finally, Quest Partners LLC acquired a new position in Bank of Hawaii during the third quarter valued at approximately $1,823,000. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Stock Down 0.3 %

NYSE BOH opened at $78.00 on Thursday. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $3.10 billion, a PE ratio of 23.49, a PEG ratio of 5.17 and a beta of 1.03. The firm has a 50-day simple moving average of $71.28 and a 200 day simple moving average of $65.23.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The company had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same quarter last year, the company earned $1.17 EPS. On average, research analysts forecast that Bank of Hawaii Co. will post 3.52 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.59%. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BOH. Stephens initiated 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 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 research report on Wednesday. Barclays lifted their price objective on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Piper Sandler increased their target price on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, DA Davidson lifted their price target on Bank of Hawaii from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Three equities research 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.17.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.47% of the company’s stock.

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.