The New York State Common Retirement Fund reduced its holding in Bank of Hawaii Co. stock (New York Stock Exchange: BOHget rating) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The company owned 46,400 shares of the bank after selling 148 shares during the quarter. The New York State Common Retirement Fund owned approximately 0.12% of Bank of Hawaii worth $3,894,000 at the end of the most recent quarter.

Several other institutional investors also recently changed their holdings in BOH. Allspring Global Investments Holdings LLC purchased a new position in Bank of Hawaii during the fourth quarter for approximately $244,000. CWM LLC purchased a new position in Bank of Hawaii in the fourth quarter valued at approximately $37,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Bank of Hawaii by 37.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,105 shares of the bank valued at $428,000 after buying an additional 1,380 shares last quarter. Mutual of America Capital Management LLC increased its stake in Bank of Hawaii by 1.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 36,204 shares of the bank valued at $3,032,000 after buying an additional 517 shares last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Bank of Hawaii by 3.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 6,880 shares of the bank valued at $577,000 after buying an additional 228 shares last quarter. Institutional investors and hedge funds own 71.07% of the company’s shares.

Buying and selling insider information

In related news, CEO Peter S. Ho sold 5,500 shares of the company’s capital stock in a transaction on Wednesday, August 10. The shares were sold at an average price of $81.67, for a total transaction of $449,185.00. Following the transaction, the CEO now directly owns 239,181 shares of the company, valued at $19,533,912.27. The sale was disclosed in a filing with the SEC, which is available via this link. 2.06% of the shares are owned by corporate insiders.

Analyst promotions and demotions

Several brokerage houses have intervened in BOH. Jefferies Financial Group cut Bank of Hawaii’s share price target from $87.00 to $79.00 in a research note on Monday, July 11. downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Thursday.

Bank of Hawaii Stock Performance

Actions of BOH Shares opened at $83.87 on Friday. The company’s 50-day simple moving average is $76.66 and its 200-day simple moving average is $79.93. The company has a quick ratio of 0.64, a current ratio of 0.64, and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.37 billion, a PE ratio of 14.54, a P/E/E ratio of 1.81, and a beta of 1.12. Bank of Hawaii Co. has a 12-month minimum of $70.89 and a 12-month maximum of $92.38.

Bank of Hawaii (New York Stock Exchange: BOHget rating) last issued its earnings results on Monday, July 25. The bank reported earnings per share of $1.38 for the quarter, beating analyst consensus estimates 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 of the previous year, the company earned $1.68 EPS. Equity research analysts expect Bank of Hawaii Co. to post 5.64 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, to be paid on Thursday, September 15. Investors registered on Wednesday, August 31 will receive a dividend of $0.70 per share. The ex-dividend date is Tuesday, August 30. This represents a dividend of $2.80 on an annualized basis and a yield of 3.34%. Bank of Hawaii’s payout ratio is 48.53%.

About Bank of Hawaii

(get rating)

Bank of Hawaii Corporation operates as the banking 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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Institutional Property by Quarter for Bank of Hawaii (NYSE: BOH)

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