Steward Partners Investment Advisory LLC Buys 250 Shares of Bank of Hawaii Co. (NYSE:BOH)

Steward Partners Investment Advisory LLC grew its stake in shares of Bank of Hawaii Co. (NYSE:BOHGet Rating) by 110.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 476 shares of the bank’s stock after purchasing an additional 250 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Bank of Hawaii were worth $40,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Whittier Trust Co. increased its holdings in Bank of Hawaii by 5.5% during the first quarter. Whittier Trust Co. now owns 51,815 shares of the bank’s stock valued at $4,348,000 after buying an additional 2,712 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Bank of Hawaii by 15.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 22,476 shares of the bank’s stock worth $1,886,000 after purchasing an additional 2,999 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Bank of Hawaii by 365.9% in the first quarter. SG Americas Securities LLC now owns 16,107 shares of the bank’s stock worth $1,352,000 after purchasing an additional 12,650 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of Bank of Hawaii during the first quarter worth $839,000. Finally, CKW Financial Group boosted its position in shares of Bank of Hawaii by 9.4% during the first quarter. CKW Financial Group now owns 5,827 shares of the bank’s stock worth $483,000 after acquiring an additional 503 shares during the last quarter. Institutional investors own 71.07% of the company’s stock.

Bank of Hawaii Stock Down 0.6 %

NYSE:BOH opened at $79.19 on Friday. Bank of Hawaii Co. has a fifty-two week low of $70.89 and a fifty-two week high of $92.38. The stock has a market capitalization of $3.18 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.76 and a beta of 1.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.64 and a current ratio of 0.64. The company’s 50-day simple moving average is $76.37 and its 200-day simple moving average is $80.24.

Bank of Hawaii (NYSE:BOHGet Rating) last released its quarterly earnings results on Monday, July 25th. The bank reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Bank of Hawaii had a net margin of 33.63% and a return on equity of 17.98%. During the same period in the previous year, the company posted $1.68 EPS. On average, equities analysts anticipate that Bank of Hawaii Co. will post 5.64 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Tuesday, August 30th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 48.53%.

Insider Buying and Selling

In related news, CEO Peter S. Ho sold 5,500 shares of Bank of Hawaii stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $74.51, for a total value of $409,805.00. Following the completion of the sale, the chief executive officer now directly owns 244,681 shares in the company, valued at approximately $18,231,181.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BOH shares. StockNews.com upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group reduced their price target on shares of Bank of Hawaii from $87.00 to $79.00 in a research note on Monday, July 11th.

About Bank of Hawaii

(Get Rating)

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, personal 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, and 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.

Further Reading

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Institutional Ownership by Quarter for Bank of Hawaii (NYSE:BOH)

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