UMB Bank n.a. Boosts Holdings in Bank of Hawaii Co. (NYSE:BOH)

UMB Bank n.a. raised its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 5,508.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,692 shares of the bank’s stock after buying an additional 2,644 shares during the period. UMB Bank n.a.’s holdings in Bank of Hawaii were worth $169,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cadinha & Co. LLC purchased a new position in shares of Bank of Hawaii during the 3rd quarter valued at $218,000. SG Americas Securities LLC raised its holdings in Bank of Hawaii by 33.8% during the third quarter. SG Americas Securities LLC now owns 9,737 shares of the bank’s stock valued at $611,000 after acquiring an additional 2,459 shares during the period. Point72 DIFC Ltd bought a new position in shares of Bank of Hawaii in the second quarter worth about $119,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Bank of Hawaii during the 2nd quarter valued at approximately $106,000. Finally, Algert Global LLC purchased a new position in Bank of Hawaii in the 2nd quarter worth approximately $229,000. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Trading Up 3.4 %

Shares of NYSE BOH opened at $66.45 on Monday. The stock has a market capitalization of $2.64 billion, a P/E ratio of 17.13, a PEG ratio of 7.10 and a beta of 1.05. Bank of Hawaii Co. has a 1-year low of $45.56 and a 1-year high of $75.19. The business’s 50 day moving average is $64.52 and its two-hundred day moving average is $61.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, July 22nd. The bank reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The company had revenue of $255.62 million for the quarter, compared to analysts’ expectations of $157.12 million. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. During the same quarter in the previous year, the company posted $1.12 EPS. As a group, research analysts expect that Bank of Hawaii Co. will post 3.4 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.21%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 72.16%.

Analyst Ratings Changes

A number of brokerages have issued reports on BOH. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $60.00 to $67.00 in a report on Wednesday, October 2nd. Jefferies Financial Group lifted their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. DA Davidson increased their price objective on shares of Bank of Hawaii from $63.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, Piper Sandler lowered Bank of Hawaii from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $70.00 to $61.00 in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus price target of $60.40.

Insider Buying and Selling

In other news, insider Taryn L. Salmon sold 2,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $67.80, for a total transaction of $160,279.20. Following the transaction, the insider now owns 10,785 shares of the company’s stock, valued at approximately $731,223. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.11% of the stock is owned by corporate insiders.

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.