Pacer Advisors Inc. increased its stake in Bank of Hawaii Corporation (NYSE:BOH) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,760 shares of the company’s stock after buying an additional 312 shares during the period. Pacer Advisors Inc.’s holdings in Bank of Hawaii Corporation were worth $273,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of BOH. Tower Research Capital LLC TRC raised its stake in Bank of Hawaii Corporation by 38.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,492 shares of the company’s stock valued at $109,000 after buying an additional 413 shares in the last quarter. Creative Planning raised its stake in Bank of Hawaii Corporation by 1,057.8% in the third quarter. Creative Planning now owns 1,563 shares of the company’s stock valued at $114,000 after buying an additional 1,428 shares in the last quarter. Victory Capital Management Inc. raised its stake in Bank of Hawaii Corporation by 77.6% in the second quarter. Victory Capital Management Inc. now owns 1,717 shares of the company’s stock valued at $118,000 after buying an additional 750 shares in the last quarter. Advisor Group Inc. bought a new stake in Bank of Hawaii Corporation during the second quarter valued at about $140,000. Finally, Liberty Capital Management Inc. bought a new stake in Bank of Hawaii Corporation during the third quarter valued at about $173,000. Institutional investors own 78.46% of the company’s stock.
Shares of Bank of Hawaii Corporation (NYSE:BOH) traded down 0.20% during trading on Friday, reaching $88.19. 179,774 shares of the company traded hands. Bank of Hawaii Corporation has a 12 month low of $58.43 and a 12 month high of $90.80. The stock has a market capitalization of $3.76 billion, a PE ratio of 20.85 and a beta of 0.92. The company has a 50-day moving average of $88.32 and a 200-day moving average of $77.57.
Bank of Hawaii Corporation (NYSE:BOH) last released its earnings results on Monday, January 23rd. The company reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. Bank of Hawaii Corporation had a return on equity of 15.71% and a net margin of 27.69%. During the same period in the previous year, the company earned $0.99 EPS. Analysts forecast that Bank of Hawaii Corporation will post $4.30 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, February 22nd will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, February 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.18%. Bank of Hawaii Corporation’s dividend payout ratio is currently 45.39%.
A number of research firms have recently commented on BOH. Zacks Investment Research downgraded shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a report on Friday. Barclays PLC raised their price objective on shares of Bank of Hawaii Corporation from $73.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 6th. Eight research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $73.38.
In related news, Director Barbara J. Tanabe sold 3,550 shares of the stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $73.88, for a total transaction of $262,274.00. Following the sale, the director now directly owns 7,974 shares of the company’s stock, valued at $589,119.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Derek J. Norris sold 23,333 shares of the stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $88.18, for a total value of $2,057,503.94. Following the sale, the insider now directly owns 48,434 shares in the company, valued at $4,270,910.12. The disclosure for this sale can be found here. Corporate insiders own 2.52% of the company’s stock.
Bank of Hawaii Corporation Company Profile
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
Want to see what other hedge funds are holding BOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Hawaii Corporation (NYSE:BOH).