Raymond James Financial Services Advisors Inc. Buys 1,505 Shares of Bank of Hawaii Co. (NYSE:BOH)

Raymond James Financial Services Advisors Inc. grew its position in shares of Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 8.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,205 shares of the bank’s stock after buying an additional 1,505 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Bank of Hawaii were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BOH. Sei Investments Co. grew its position in Bank of Hawaii by 1.9% during the first quarter. Sei Investments Co. now owns 8,223 shares of the bank’s stock valued at $724,000 after buying an additional 151 shares during the period. Point72 Hong Kong Ltd grew its position in shares of Bank of Hawaii by 27.9% during the 1st quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock valued at $60,000 after acquiring an additional 155 shares during the period. Private Advisor Group LLC increased its stake in shares of Bank of Hawaii by 1.9% in the 2nd quarter. Private Advisor Group LLC now owns 8,921 shares of the bank’s stock worth $664,000 after purchasing an additional 164 shares in the last quarter. Harrington Investments INC raised its holdings in Bank of Hawaii by 1.2% in the 2nd quarter. Harrington Investments INC now owns 17,104 shares of the bank’s stock worth $1,273,000 after purchasing an additional 203 shares during the period. Finally, DAVENPORT & Co LLC lifted its position in Bank of Hawaii by 1.4% during the third quarter. DAVENPORT & Co LLC now owns 18,904 shares of the bank’s stock valued at $1,439,000 after purchasing an additional 261 shares in the last quarter. 74.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on BOH shares. StockNews.com downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, December 6th. DA Davidson decreased their target price on shares of Bank of Hawaii from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 25th. Finally, Compass Point lowered their price target on shares of Bank of Hawaii to $86.00 in a report on Thursday, October 27th.

Insider Buying and Selling

In other Bank of Hawaii news, CEO Peter S. Ho sold 5,500 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $79.30, for a total transaction of $436,150.00. Following the completion of the transaction, the chief executive officer now owns 233,681 shares of the company’s stock, valued at approximately $18,530,903.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.06% of the stock is owned by company insiders.

Bank of Hawaii Trading Down 0.8 %

Shares of BOH stock opened at $76.74 on Friday. The stock has a fifty day simple moving average of $78.68 and a two-hundred day simple moving average of $78.20. Bank of Hawaii Co. has a 52-week low of $70.15 and a 52-week high of $90.47. The firm has a market capitalization of $3.07 billion, a PE ratio of 13.88, a PEG ratio of 1.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.65 and a current ratio of 0.65.

Bank of Hawaii (NYSE:BOH – Get Rating) last released its earnings results on Monday, October 24th. The bank reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.15). Bank of Hawaii had a return on equity of 18.37% and a net margin of 31.88%. The business had revenue of $172.32 million for the quarter, compared to analysts’ expectations of $183.20 million. During the same quarter in the prior year, the business posted $1.52 EPS. On average, analysts predict that Bank of Hawaii Co. will post 5.62 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 30th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Tuesday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 50.63%.

About Bank of Hawaii

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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.