SG Americas Securities LLC eliminated its interest in shares of Bank of Hawaii Co. (New York Stock Exchange: BOH – get rating) by 365.9% during the first trimester, Channel.com Holdings reports. The firm owned 16,107 shares of the bank after purchasing an additional 12,650 shares during the quarter. SG Americas Securities LLC’s holdings at Bank of Hawaii were worth $1,352,000 at the end of the most recent quarter.
Other hedge funds have also recently changed their holdings in the company. Covestor Ltd purchased a new position in Bank of Hawaii stock during the fourth quarter worth $34,000. CWM LLC purchased a new position in Bank of Hawaii in the fourth quarter valued at $37,000. Point72 Hong Kong Ltd purchased a new position in Bank of Hawaii in the fourth quarter valued at $46,000. GHP Investment Advisors Inc. purchased a new position in Bank of Hawaii in the first quarter valued at $89,000. Finally, Pinebridge Investments LP purchased a new position in Bank of Hawaii in the fourth quarter valued at $117,000. Institutional investors and hedge funds own 71.07% of the company’s shares.
Bank of Hawaii Price Performance
BOH shares opened at $79.40 on Friday. The company’s 50-day simple moving average is $76.03 and its 200-day simple moving average is $80.72. Bank of Hawaii Co. has a 12-month minimum of $70.89 and a 12-month maximum of $92.38. The company has a market capitalization of $3.2 billion, a P/E ratio of 13.76, a PEG ratio of 1.77, and a beta of 1.13. The company has a quick ratio of 0.61, a current ratio of 0.64, and a debt-to-equity ratio of 0.01.
Bank of Hawaii (New York Stock Exchange: BOH – get rating) last announced its quarterly earnings data on Monday, July 25. The bank reported earnings per share of $1.38 for the quarter, beating the consensus estimate 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 quarter last year, the company earned $1.68 EPS. On average, analysts expect Bank of Hawaii Co. to post 5.56 earnings per share for the current year.
Bank of Hawaii announces dividend
The company also recently revealed a quarterly dividend, to be paid on Thursday, September 15. Shareholders of record on Wednesday, August 31 will receive a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, August 30. This represents an annualized dividend of $2.80 and a dividend yield of 3.53%. Bank of Hawaii’s dividend payout ratio is currently 48.53%.
Changes in analyst ratings
Several stock analysts recently issued reports on the stock. Jefferies Financial Group lowered its price target on Bank of Hawaii stock from $87.00 to $79.00 in a report on Monday, July 11. StockNews.com lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Monday, May 23.
In other news, CEO Peter S. Ho sold 5,500 shares of the company’s capital stock in a transaction dated Tuesday, May 10. The shares were sold at an average price of $74.51, for a total transaction of $409,805.00. Following the completion of the sale, the CEO now directly owns 244,681 shares of the company, valued at $18,231,181.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The members of the company own 2.06% of the shares of the company.
About Bank of Hawaii
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii offering various financial products and services in Hawaii, Guam and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking and Treasury and Others. The Consumer Banking segment offers checking, savings and fixed-term accounts; residential mortgage loans, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; international and private client banking, investment, credit and trust services for individuals and families, and high net worth individuals; investment Management; institutional investment advisory services for corporations, government entities and foundations; and brokerage offerings, including stocks, mutual funds, life insurance and annuity products.
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