Bank of New York Mellon Corp Boosts Holdings in Bank of Hawaii Co. (NYSE:BOH)

Bank of New York Mellon Corp lifted its position in Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 500,822 shares of the bank’s stock after purchasing an additional 5,578 shares during the quarter. Bank of New York Mellon Corp’s holdings in Bank of Hawaii were worth $38,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaCrest Capital Management LLC increased its stake in Bank of Hawaii by 62.4% in the 3rd quarter. AlphaCrest Capital Management LLC now owns 5,098 shares of the bank’s stock worth $388,000 after acquiring an additional 1,958 shares during the last quarter. Tudor Investment Corp Et Al lifted its position in Bank of Hawaii by 179.7% during the third quarter. Tudor Investment Corp Et Al now owns 76,757 shares of the bank’s stock valued at $5,843,000 after purchasing an additional 49,314 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Bank of Hawaii in the 3rd quarter worth approximately $53,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Bank of Hawaii by 109.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,089 shares of the bank’s stock worth $1,453,000 after acquiring an additional 9,992 shares during the last quarter. Finally, Guggenheim Capital LLC grew its position in Bank of Hawaii by 186.8% in the third quarter. Guggenheim Capital LLC now owns 15,068 shares of the bank’s stock worth $1,147,000 after acquiring an additional 9,815 shares in the last quarter. Hedge funds and other institutional investors own 74.29% of the company’s stock.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, CEO Peter S. Ho sold 7,000 shares of the business’s stock in a transaction on Friday, February 10th. The shares were sold at an average price of $76.40, for a total transaction of $534,800.00. Following the transaction, the chief executive officer now directly owns 226,681 shares of the company’s stock, valued at approximately $17,318,428.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com cut Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, December 6th. Compass Point downgraded shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research note on Tuesday, January 24th.

Bank of Hawaii Stock Down 6.1 %

BOH opened at $63.38 on Monday. Bank of Hawaii Co. has a 12 month low of $59.90 and a 12 month high of $87.27. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $76.37 and its 200-day moving average price is $77.29. The company has a market cap of $2.52 billion, a P/E ratio of 11.57, a P/E/G ratio of 1.59 and a beta of 1.01.

Bank of Hawaii (NYSE:BOH – Get Rating) last announced its quarterly earnings results on Monday, January 23rd. The bank reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. The business had revenue of $213.49 million for the quarter, compared to analysts’ expectations of $181.09 million. Bank of Hawaii had a return on equity of 19.31% and a net margin of 29.91%. During the same period in the previous year, the firm earned $1.55 EPS. On average, equities analysts expect that Bank of Hawaii Co. will post 4.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 28th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $2.80 annualized dividend and a dividend yield of 4.42%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 51.09%.

Bank of Hawaii Company Profile

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Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.