Avior Wealth Management LLC Has $764,000 Holdings in Bank of Hawaii Co. (NYSE:BOH)

Avior Wealth Management LLC lessened its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,719 shares of the bank’s stock after selling 874 shares during the quarter. Avior Wealth Management LLC’s holdings in Bank of Hawaii were worth $764,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bank of Hawaii during the second quarter worth approximately $106,000. Point72 DIFC Ltd acquired a new position in Bank of Hawaii during the second quarter worth approximately $119,000. UMB Bank n.a. increased its position in Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock worth $169,000 after buying an additional 2,644 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in Bank of Hawaii during the third quarter worth approximately $207,000. Finally, Cadinha & Co. LLC acquired a new position in Bank of Hawaii during the third quarter worth approximately $218,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Matthew Emerson sold 1,355 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the sale, the insider now directly owns 13,717 shares in the company, valued at $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BOH shares. Stephens started coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price on the stock. Barclays upped their target price 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. Keefe, Bruyette & Woods upped their target price on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler upped their target price on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, DA Davidson upped their target price on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Three research 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 data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus price target of $71.83.

Bank of Hawaii Trading Down 0.3 %

Shares of BOH stock opened at $70.94 on Friday. 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 cap of $2.82 billion, a P/E ratio of 21.30 and a beta of 1.05. The stock has a 50 day simple moving average of $73.39 and a 200 day simple moving average of $69.00. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The business had revenue of $265.76 million during the quarter, compared to analysts’ expectations of $160.29 million. During the same period in the previous year, the company posted $1.17 earnings per share. On average, research analysts predict that Bank of Hawaii Co. will post 3.54 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.95%. The ex-dividend date was Friday, November 29th. Bank of Hawaii’s payout ratio is presently 84.08%.

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.