Crestwood Advisors Group LLC boosted its holdings in shares of Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 7.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,124 shares of the bank’s stock after acquiring an additional 227 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Bank of Hawaii were worth $232,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of BOH. State Street Corp boosted its position in Bank of Hawaii by 10.9% during the 1st quarter. State Street Corp now owns 1,777,119 shares of the bank’s stock worth $149,136,000 after acquiring an additional 174,889 shares during the period. Grandeur Peak Global Advisors LLC lifted its holdings in shares of Bank of Hawaii by 175.2% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 191,968 shares of the bank’s stock valued at $16,110,000 after buying an additional 122,215 shares during the last quarter. Country Club Bank GFN acquired a new stake in shares of Bank of Hawaii during the 1st quarter valued at about $10,039,000. Northern Trust Corp lifted its holdings in shares of Bank of Hawaii by 25.8% during the 1st quarter. Northern Trust Corp now owns 447,658 shares of the bank’s stock valued at $37,568,000 after buying an additional 91,791 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Bank of Hawaii by 16.5% during the 1st quarter. Bank of New York Mellon Corp now owns 518,367 shares of the bank’s stock valued at $43,502,000 after buying an additional 73,444 shares during the last quarter. 74.84% of the stock is currently owned by institutional investors and hedge funds.
Bank of Hawaii Stock Down 0.2 %
BOH opened at $79.37 on Friday. The business has a 50 day moving average price of $79.07 and a 200 day moving average price of $78.75. Bank of Hawaii Co. has a twelve month low of $70.89 and a twelve month high of $92.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $3.19 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10.
Bank of Hawaii Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.53%. The ex-dividend date was Tuesday, August 30th. Bank of Hawaii’s dividend payout ratio is currently 48.53%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Jefferies Financial Group reduced their price target on Bank of Hawaii from $87.00 to $79.00 in a report on Monday, July 11th. StockNews.com lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th.
Insiders Place Their Bets
In other Bank of Hawaii news, CEO Peter S. Ho sold 5,500 shares of Bank of Hawaii stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $81.67, for a total value of $449,185.00. Following the transaction, the chief executive officer now directly owns 239,181 shares of the company’s stock, valued at approximately $19,533,912.27. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.06% of the company’s stock.
Bank of Hawaii Profile
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, and high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.
- Get a free copy of the StockNews.com research report on Bank of Hawaii (BOH)
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