UBS Group AG increased its stake in Bank of Hawaii Co. (NYSE:BOH – Get Rating) shares by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,570 shares in the bank after purchasing an additional 6,601 shares during the period. UBS Group AG owned 0.25% of Bank of Hawaii worth $7,723,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Boothbay Fund Management LLC purchased a new position in Bank of Hawaii stock during the third quarter valued at about $204,000. Hendershot Investments Inc. increased its holdings in Bank of Hawaii by 6.0% in the fourth quarter. Hendershot Investments Inc. now owns 151,363 shares of the bank worth $11,740,000 after purchasing an additional 8,569 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in Bank of Hawaii in the fourth quarter for approximately $516,000. The Oregon Public Employees Retirement Fund increased its holdings in Bank of Hawaii by 2.6% in the third quarter. The Oregon Public Employees Retirement Fund now owns 11,738 shares of the bank worth $893,000 after purchasing an additional 292 shares last quarter. Finally, Marble Harbor Investment Counsel LLC increased its holdings in Bank of Hawaii by 1.4% in the third quarter. Marble Harbor Investment Counsel LLC now owns 158,047 shares of the bank worth $12,031,000 after purchasing an additional 2,163 shares in the last quarter. 74.29% of the shares are owned by hedge funds and other institutional investors.
Buying and selling insider information
In related news, Kent Director Thomas Lucien purchased 1,000 shares of the company in a transaction that occurred on Friday, May 12. The shares were purchased at an average cost of $32.29 per share, with a total value of $32,290.00. Following the completion of the acquisition, the director now directly owns 5,500 shares of the company, valued at $177,595. The purchase was disclosed in a filing with the Securities and Exchange Commission, which is available through the SEC’s website. In other Bank of Hawaii news, Director Kent Thomas Lucien acquired 1,000 shares of the company in a transaction on Friday, May 12. The shares were purchased at an average cost of $32.29 per share, with a total value of $32,290.00. Following the completion of the acquisition, the director now owns 5,500 shares of the company, valued at $177,595. The purchase was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Likewise, Director Alicia E. Moy acquired 4,200 shares of the company’s capital stock in a transaction carried out on Monday, May 1. The shares were acquired at an average cost of $47.90 per share, for a total transaction of $201,180.00. After completing the acquisition, the director now owns 10,482 shares of the company, valued at approximately $502,087.80. Disclosure for this purchase can be found here. 2.11% of the shares are owned by corporate insiders.
Analyst promotions and demotions
BOH has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered its Bank of Hawaii price target from $83.00 to $60.00 and set a “market performance” rating for the stock in a Thursday, April 6, report. DA Davidson lowered his price target on Bank of Hawaii from $76.00 to $55.00 in a report on Monday, March 20. TheStreet downgraded Bank of Hawaii from a “b-” rating to a “c+” rating in a report on Tuesday, April 4. Finally, StockNews.com upgraded Bank of Hawaii to a “sell” rating in a report on Friday, May 12. One research analyst gave the stock a sell rating and three assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $66.25.
Bank of Hawaii is trading down 2.1%
Shares of NYSE BOH opened at $39.64 on Thursday. The firm has a debt to equity ratio of 0.43, a current ratio of 0.66, and a quick ratio of 0.66. The stock has a market capitalization of $1.57 billion, a P/E ratio of 7.48, a price/earnings growth ratio of 1.18, and a beta of 0.97. Bank of Hawaii Co. has a 1-year minimum of $30.83 and a 1-year maximum of $85.45. The company has a fifty-day moving average price of $46.58 and a 200-day moving average price of $65.96.
Bank of Hawaii (NYSE:BOH – Get Rating) last released its quarterly earnings results on Monday, April 24. The bank reported $1.14 EPS for the quarter, missing analyst consensus estimates of $1.23 per ($0.09). The business had revenue of $229.07 million during the quarter, compared with analyst expectations of $177.67 million. Bank of Hawaii had a net margin of 26.90% and a return on equity of 19.01%. During the same quarter last year, the company posted earnings per share of $1.32. Equity research analysts expect Bank of Hawaii Co. to post 4.29 EPS for the current fiscal year.
Bank of Hawaii Announces Dividends
The company also recently announced a quarterly dividend, to be paid on Wednesday, June 14. Investors registered on Wednesday May 31 will receive a dividend of $0.70 per share. This represents an annualized dividend of $2.80 and a yield of 7.06%. The ex-dividend date of this dividend is Tuesday, May 30. Bank of Hawaii’s Dividend Payout Ratio (DPR) is 52.83%.
Bank of Hawaii Profile
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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