Cambridge Investment Research Advisors Inc. Has $598,000 Stake in Bank of Hawaii Co. (NYSE:BOH)

Cambridge Investment Research Advisors Inc. lessened its stake in Bank of Hawaii Co. (NYSE:BOHGet Rating) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,857 shares of the bank’s stock after selling 212 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Bank of Hawaii were worth $598,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BOH. JPMorgan Chase & Co. lifted its position in Bank of Hawaii by 5.8% during the 1st quarter. JPMorgan Chase & Co. now owns 70,245 shares of the bank’s stock worth $5,895,000 after acquiring an additional 3,843 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Bank of Hawaii by 15.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,739 shares of the bank’s stock worth $1,322,000 after purchasing an additional 2,093 shares during the period. Private Advisor Group LLC raised its stake in Bank of Hawaii by 6.1% during the first quarter. Private Advisor Group LLC now owns 8,757 shares of the bank’s stock worth $735,000 after acquiring an additional 501 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Bank of Hawaii by 32.7% during the first quarter. MetLife Investment Management LLC now owns 26,023 shares of the bank’s stock worth $2,184,000 after buying an additional 6,407 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Bank of Hawaii by 1.3% in the 1st quarter. Rhumbline Advisers now owns 111,833 shares of the bank’s stock valued at $9,385,000 after acquiring an additional 1,423 shares in the last quarter. 74.29% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $80.00 on Tuesday. Bank of Hawaii Co. has a one year low of $70.15 and a one year high of $92.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.81 and a beta of 1.01. The firm has a 50 day simple moving average of $78.11 and a 200 day simple moving average of $78.01.

Bank of Hawaii (NYSE:BOHGet Rating) last announced its quarterly earnings results on Monday, October 24th. The bank reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.15). Bank of Hawaii had a net margin of 31.88% and a return on equity of 18.37%. The firm had revenue of $172.32 million for the quarter, compared to analyst estimates of $183.20 million. During the same period in the previous year, the business posted $1.52 earnings per share. Research analysts predict that Bank of Hawaii Co. will post 5.6 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 30th were given a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.50%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 50.63%.

Insider Buying and Selling at Bank of Hawaii

In other news, CEO Peter S. Ho sold 5,500 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $79.30, for a total transaction of $436,150.00. Following the transaction, the chief executive officer now owns 233,681 shares in the company, valued at $18,530,903.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.06% of the company’s stock.

Analyst Ratings Changes

BOH has been the subject of a number of recent analyst reports. DA Davidson lowered their price target on Bank of Hawaii from $80.00 to $76.00 and set a “neutral” rating for the company in a research note on Tuesday, October 25th. StockNews.com cut Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, December 6th. Finally, Compass Point dropped their price objective on shares of Bank of Hawaii to $86.00 in a research report on Thursday, October 27th.

About Bank of Hawaii

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Bank of Hawaii (NYSE:BOH)

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