Bank of Montreal Can grew its holdings in shares of Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 9.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,866 shares of the bank’s stock after acquiring an additional 1,432 shares during the quarter. Bank of Montreal Can’s holdings in Bank of Hawaii were worth $1,236,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Boothbay Fund Management LLC acquired a new position in shares of Bank of Hawaii during the 3rd quarter worth approximately $204,000. Hendershot Investments Inc. lifted its holdings in shares of Bank of Hawaii by 6.0% during the 4th quarter. Hendershot Investments Inc. now owns 151,363 shares of the bank’s stock worth $11,740,000 after acquiring an additional 8,569 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Bank of Hawaii by 2.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,738 shares of the bank’s stock worth $893,000 after acquiring an additional 292 shares during the period. Marble Harbor Investment Counsel LLC lifted its holdings in shares of Bank of Hawaii by 1.4% during the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 158,047 shares of the bank’s stock worth $12,031,000 after acquiring an additional 2,163 shares during the period. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Bank of Hawaii during the 3rd quarter worth approximately $349,000. Institutional investors and hedge funds own 74.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on BOH shares. Compass Point downgraded shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Tuesday, January 24th. StockNews.com initiated coverage on shares of Bank of Hawaii in a report on Thursday, March 16th. They set a “sell” rating for the company. DA Davidson dropped their price objective on shares of Bank of Hawaii from $76.00 to $55.00 in a research note on Monday, March 20th. TheStreet lowered shares of Bank of Hawaii from a “b-” rating to a “c+” rating in a research report on Tuesday, April 4th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Bank of Hawaii from $83.00 to $60.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.25.
Insider Buying and Selling at Bank of Hawaii
In other Bank of Hawaii news, CEO Peter S. Ho sold 7,000 shares of Bank of Hawaii stock in a transaction on Friday, February 10th. The shares were sold at an average price of $76.40, for a total value of $534,800.00. Following the completion of the sale, the chief executive officer now directly owns 226,681 shares of the company’s stock, valued at $17,318,428.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.11% of the company’s stock.
Bank of Hawaii Stock Performance
Shares of Bank of Hawaii stock opened at $46.92 on Thursday. Bank of Hawaii Co. has a fifty-two week low of $34.71 and a fifty-two week high of $85.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.66 and a quick ratio of 0.65. The firm has a market capitalization of $1.87 billion, a P/E ratio of 8.56, a P/E/G ratio of 1.31 and a beta of 0.97. The company’s 50 day moving average price is $58.34 and its two-hundred day moving average price is $70.86.
Bank of Hawaii (NYSE:BOH – Get Rating) last issued its quarterly earnings results on Monday, April 24th. The bank reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.09). The business had revenue of $229.07 million for the quarter, compared to analyst estimates of $177.67 million. Bank of Hawaii had a return on equity of 19.01% and a net margin of 26.90%. During the same quarter last year, the firm posted $1.32 EPS. On average, equities analysts forecast that Bank of Hawaii Co. will post 4.75 earnings per share for the current fiscal year.
Bank of Hawaii Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Wednesday, May 31st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 5.97%. The ex-dividend date is Tuesday, May 30th. Bank of Hawaii’s dividend payout ratio (DPR) is currently 51.09%.
Bank of Hawaii Profile
Bank of Hawaii Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers financial products and services, including loan, deposit and insurance products, private banking and international client banking services, trust services, investment management, and institutional investment advisory services.
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