Mutual of America Capital Management LLC lifted its position in Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 1.4% during the first quarter, Holdings Channel reports. The institutional investor owned 36,710 shares of the bank’s stock after buying an additional 506 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Bank of Hawaii were worth $3,081,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. American Century Companies Inc. raised its position in shares of Bank of Hawaii by 34.6% during the fourth quarter. American Century Companies Inc. now owns 115,892 shares of the bank’s stock worth $9,707,000 after purchasing an additional 29,804 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Bank of Hawaii by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,276 shares of the bank’s stock worth $59,912,000 after purchasing an additional 29,924 shares during the period. Bank of America Corp DE raised its position in shares of Bank of Hawaii by 2.4% during the fourth quarter. Bank of America Corp DE now owns 222,290 shares of the bank’s stock worth $18,620,000 after purchasing an additional 5,214 shares during the period. ETF Managers Group LLC raised its position in shares of Bank of Hawaii by 5.0% during the fourth quarter. ETF Managers Group LLC now owns 7,718 shares of the bank’s stock worth $647,000 after purchasing an additional 366 shares during the period. Finally, Everett Harris & Co. CA acquired a new stake in shares of Bank of Hawaii during the first quarter worth $2,099,000. 71.07% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently weighed in on BOH. Jefferies Financial Group dropped their price target on Bank of Hawaii from $87.00 to $79.00 in a research report on Monday, July 11th. StockNews.com lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd.
Insider Buying and Selling at Bank of Hawaii
In other Bank of Hawaii news, CEO Peter S. Ho sold 5,500 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $74.51, for a total value of $409,805.00. Following the transaction, the chief executive officer now owns 244,681 shares in the company, valued at $18,231,181.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.06% of the company’s stock.
Bank of Hawaii Stock Up 0.8 %
NYSE:BOH opened at $79.25 on Thursday. The business’s fifty day moving average price is $75.97 and its 200 day moving average price is $80.73. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 0.01. Bank of Hawaii Co. has a 1-year low of $70.89 and a 1-year high of $92.38. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 1.78 and a beta of 1.13.
Bank of Hawaii (NYSE:BOH – Get Rating) last issued its earnings results on Monday, July 25th. The bank reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Bank of Hawaii had a return on equity of 17.98% and a net margin of 33.63%. During the same period in the prior year, the company earned $1.68 EPS. On average, sell-side analysts forecast that Bank of Hawaii Co. will post 5.49 earnings per share for the current fiscal year.
Bank of Hawaii Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $2.80 dividend on an annualized basis and a yield of 3.53%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 48.53%.
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, personal 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, and 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.
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