Mason Street Advisors LLC boosted its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,146 shares of the bank’s stock after buying an additional 220 shares during the period. Mason Street Advisors LLC’s holdings in Bank of Hawaii were worth $1,659,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in Bank of Hawaii by 1.2% in the first quarter. Bank of Montreal Can now owns 26,897 shares of the bank’s stock valued at $2,216,000 after buying an additional 316 shares in the last quarter. State Street Corp raised its position in Bank of Hawaii by 5.2% in the fourth quarter. State Street Corp now owns 1,700,306 shares of the bank’s stock valued at $150,800,000 after buying an additional 83,967 shares in the last quarter. Teachers Advisors LLC raised its position in Bank of Hawaii by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 59,252 shares of the bank’s stock valued at $5,255,000 after buying an additional 2,489 shares in the last quarter. Norges Bank purchased a new position in Bank of Hawaii during the fourth quarter valued at $33,198,000. Finally, Horan Capital Management purchased a new position in Bank of Hawaii during the first quarter valued at $773,000. 78.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bank of Hawaii Co. (NYSE BOH) traded up 0.31% during midday trading on Thursday, hitting $77.97. The company had a trading volume of 51,554 shares. The company’s 50 day moving average is $80.45 and its 200 day moving average is $84.10. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 18.26 and a beta of 0.92. Bank of Hawaii Co. has a one year low of $64.96 and a one year high of $90.80.
Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, April 24th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.12. The company had revenue of $165.79 million during the quarter, compared to the consensus estimate of $159.45 million. Bank of Hawaii had a return on equity of 15.71% and a net margin of 27.69%. During the same quarter in the prior year, the company posted $1.16 EPS. Equities analysts forecast that Bank of Hawaii Co. will post $4.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, May 26th. This is an increase from Bank of Hawaii’s previous quarterly dividend of $0.48. Bank of Hawaii’s dividend payout ratio is 45.39%.
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Separately, Zacks Investment Research upgraded Bank of Hawaii from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Wednesday, May 24th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $75.83.
In other news, insider Mary E. Sellers sold 12,964 shares of the company’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $84.51, for a total transaction of $1,095,587.64. Following the completion of the sale, the insider now owns 62,485 shares in the company, valued at approximately $5,280,607.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter S. Ho sold 10,000 shares of the company’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $82.42, for a total value of $824,200.00. Following the sale, the chief executive officer now owns 183,386 shares of the company’s stock, valued at approximately $15,114,674.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,164 shares of company stock valued at $3,504,262. 2.52% of the stock is currently owned by corporate insiders.
Bank of Hawaii 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 products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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