Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,332 shares of the bank’s stock after selling 504 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Bank of Hawaii were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC raised its holdings in Bank of Hawaii by 5,445.5% in the third quarter. Eagle Bay Advisors LLC now owns 610 shares of the bank’s stock valued at $46,000 after buying an additional 599 shares during the period. Point72 Hong Kong Ltd purchased a new position in Bank of Hawaii in the third quarter valued at approximately $53,000. Ronald Blue Trust Inc. raised its holdings in Bank of Hawaii by 128.9% in the fourth quarter. Ronald Blue Trust Inc. now owns 698 shares of the bank’s stock valued at $53,000 after buying an additional 393 shares during the period. Covestor Ltd grew its position in Bank of Hawaii by 72.4% in the first quarter. Covestor Ltd now owns 707 shares of the bank’s stock valued at $59,000 after acquiring an additional 297 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Bank of Hawaii by 91.0% in the first quarter. Captrust Financial Advisors now owns 938 shares of the bank’s stock valued at $79,000 after acquiring an additional 447 shares in the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.

Insider Activity at Bank of Hawaii

In related news, Director Kent Thomas Lucien acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were acquired at an average cost of $32.29 per share, for a total transaction of $32,290.00. Following the completion of the purchase, the director now directly owns 5,500 shares in the company, valued at $177,595. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Kent Thomas Lucien purchased 1,000 shares of Bank of Hawaii stock in a transaction dated Friday, May 12th. The stock was acquired at an average cost of $32.29 per share, for a total transaction of $32,290.00. Following the acquisition, the director now directly owns 5,500 shares in the company, valued at $177,595. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alicia E. Moy purchased 4,200 shares of Bank of Hawaii stock in a transaction dated Monday, May 1st. The shares were purchased at an average price of $47.90 per share, with a total value of $201,180.00. Following the completion of the acquisition, the director now owns 10,482 shares in the company, valued at $502,087.80. The disclosure for this purchase can be found here. Company insiders own 2.11% of the company’s stock.

Bank of Hawaii Stock Performance

BOH stock opened at $37.75 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 1.13 and a beta of 0.97. Bank of Hawaii Co. has a 1 year low of $30.83 and a 1 year high of $85.45. The stock’s fifty day moving average is $47.18 and its two-hundred day moving average is $66.63.

Bank of Hawaii (NYSE:BOH – Get Rating) last posted its earnings results on Monday, April 24th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.09). Bank of Hawaii had a net margin of 26.90% and a return on equity of 19.01%. The company had revenue of $229.07 million during the quarter, compared to the consensus estimate of $177.67 million. During the same quarter in the previous year, the business posted $1.32 earnings per share. On average, research analysts predict that Bank of Hawaii Co. will post 4.29 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date is Tuesday, May 30th. Bank of Hawaii’s dividend payout ratio is currently 52.83%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TheStreet downgraded shares of Bank of Hawaii from a “b-” rating to a “c+” rating in a research report on Tuesday, April 4th. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a research report on Friday, May 12th. Compass Point downgraded shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Tuesday, January 24th. Keefe, Bruyette & Woods decreased their price target on shares of Bank of Hawaii from $83.00 to $60.00 and set a “market perform” rating for the company in a research report on Thursday, April 6th. Finally, DA Davidson decreased their price target on shares of Bank of Hawaii from $76.00 to $55.00 in a research report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, Bank of Hawaii currently has an average rating of “Hold” and an average price target of $66.25.

Bank of Hawaii Company Profile

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Bank of Hawaii Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers financial products and services, including loan, deposit and insurance products, private banking and international client banking services, trust services, investment management, and institutional investment advisory services.