Cetera Investment Advisers Increases Holdings in Bank of Hawaii Co. (NYSE:BOH)

Cetera Investment Advisers increased its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,457 shares of the bank’s stock after acquiring an additional 158 shares during the quarter. Cetera Investment Advisers’ holdings in Bank of Hawaii were worth $318,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Bank of Hawaii during the fourth quarter worth approximately $50,000. Headlands Technologies LLC increased its stake in Bank of Hawaii by 285.8% during the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock worth $68,000 after acquiring an additional 703 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Bank of Hawaii during the fourth quarter worth $70,000. Smartleaf Asset Management LLC increased its stake in Bank of Hawaii by 204.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank’s stock worth $110,000 after acquiring an additional 1,037 shares during the last quarter. Finally, KBC Group NV increased its stake in Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after acquiring an additional 812 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays raised their target price on Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 22nd. Two equities 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 MarketBeat, Bank of Hawaii has a consensus rating of “Hold” and an average price target of $73.17.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the company’s stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $66.15, for a total transaction of $109,279.80. Following the completion of the sale, the insider now directly owns 6,442 shares of the company’s stock, valued at $426,138.30. This represents a 20.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.07% of the stock is owned by company insiders.

Bank of Hawaii Stock Down 1.4%

Shares of NYSE BOH opened at $66.52 on Friday. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 19.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The business has a 50-day moving average of $66.44 and a two-hundred day moving average of $70.52. Bank of Hawaii Co. has a 1 year low of $54.98 and a 1 year high of $82.70.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. The company had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. During the same period in the previous year, the business earned $0.87 EPS. On average, analysts forecast that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Friday, May 30th. Bank of Hawaii’s payout ratio is currently 78.65%.

About Bank of Hawaii

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.