Dimensional Fund Advisors LP raised its position in Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund held 900,193 shares in the bank after purchasing an additional 9,133 shares during the period. Dimensional Fund Advisors LP owned approximately 2.25% of Bank of Hawaii worth $69,819,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings in the company. Eagle Bay Advisors LLC increased its position in Bank of Hawaii shares by 5,445.5% in the third quarter. Eagle Bay Advisors LLC now owns 610 shares of the bank worth $46,000 after purchasing an additional 599 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Bank of Hawaii shares in the third quarter worth approximately $53,000. Ronald Blue Trust Inc. increased its position in Bank of Hawaii shares by 128.9% in the fourth quarter. Ronald Blue Trust Inc. now owns 698 shares of the bank worth $53,000 after purchasing an additional 393 shares during the last quarter. Covestor Ltd increased its position in Bank of Hawaii shares by 72.4% in the first quarter. Covestor Ltd now owns 707 shares of the bank worth $59,000 after buying an additional 297 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Bank of Hawaii shares by 91.0% in the first quarter. Captrust Financial Advisors now owns 938 shares of the bank worth $79,000 after purchasing an additional 447 shares last quarter. Hedge funds and other institutional investors own 74.29% of the company’s shares.
Bank of Hawaii Stock Performance
NYSE: BOH opened at $39.55 on Friday. The firm has a debt to equity ratio of 0.43, a quick ratio of 0.66, and a current ratio of 0.66. The company has a fifty-day moving average of $46.32 and a two-hundred-day moving average of $65.78. The stock has a market capitalization of $1.57 billion, a PE ratio of 7.46, a P/E/E ratio of 1.16, and a beta of 0.97. Bank of Hawaii Co. has a fifty-two week low of $30.83 and a fifty-two week high of $85.45.
Bank of Hawaii (NYSE:BOH – Get Rating) last released its quarterly earnings data on Monday, April 24. The bank reported earnings per share of $1.14 for the quarter, below analyst consensus estimates of $1.23 per share ($0.09). The company had revenue of $229.07 million in the quarter, compared with analyst estimates of $177.67 million. Bank of Hawaii earned a return on equity of 19.01% and a net margin of 26.90%. During the same quarter last year, the company posted earnings per share of $1.32. As a group, research analysts forecast Bank of Hawaii Co. to post 4.29 earnings per share for the current fiscal year.
Bank of Hawaii Dividend Announcement
The firm also recently announced a quarterly dividend, to be paid on Wednesday June 14. Shareholders of record on Wednesday May 31 will receive a dividend of $0.70 per share. This represents a dividend of $2.80 on an annualized basis and a dividend yield of 7.08%. The ex-dividend date is Tuesday, May 30. Bank of Hawaii’s payment ratio is 52.83%.
Internal Transactions at Bank of Hawaii
In other Bank of Hawaii news, Director Kent Thomas Lucien purchased 1,000 shares of the company in a transaction on Friday, May 12. The share was acquired at an average price of $32.29 per share, with a total value of $32,290.00. After completing the acquisition, the director now directly owns 5,500 shares of the company, valued at $177,595. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. In other Bank of Hawaii news, Director Kent Thomas Lucien purchased 1,000 shares of the company in a transaction on Friday, May 12. The share was acquired at an average price of $32.29 per share, with a total value of $32,290.00. After completing the acquisition, the director now directly owns 5,500 shares of the company, valued at $177,595. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. Likewise, Director Alicia E. Moy purchased 4,200 shares of the company’s capital stock in a transaction dated Monday, May 1. The shares were acquired at an average cost of $47.90 per share, with a total value of $201,180.00. Following the acquisition, the director now directly owns 10,482 shares of the company, valued at $502,087.80. Disclosure for this purchase can be found here. Insiders own 2.11% of the company’s shares.
Analyst Rating Changes
Several research firms have recently commented on BOH. DA Davidson lowered the price target on Bank of Hawaii shares from $76.00 to $55.00 in a Monday, March 20, report. Keefe, Bruyette & Woods lowered Bank of Hawaii’s share price target from $83.00 to $60.00 and set a “market performance” rating for the company in a research note Thursday, April 6. StockNews.com upgraded Bank of Hawaii shares to a “sell” rating in a research note on Friday, May 12. Finally, TheStreet cut Bank of Hawaii shares from a “b-” rating to a “c+” rating in a research note on Tuesday, April 4. One equity research analyst gave the stock a sell rating and three assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average “Hold” rating and an average price target of $66.25.
About the Bank of Hawaii
(Get rating)
Bank of Hawaii Corp. is a banking holding company engaged in the provision of financial services. It operates through the following segments: Consumer Banking, Commercial Banking, and Treasury and Others. The Consumer Banking segment offers financial products and services, including loan, deposit and insurance products, private banking and banking services for international clients, trust services, investment management and institutional investment advisory services.
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