Raymond James & Associates Acquires 7,972 Shares of Bank of Hawaii Co. (NYSE:BOH)

Raymond James & Associates grew its holdings in shares of Bank of Hawaii Co. (NYSE:BOHGet Rating) by 25.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,680 shares of the bank’s stock after buying an additional 7,972 shares during the period. Raymond James & Associates owned approximately 0.10% of Bank of Hawaii worth $3,020,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its holdings in shares of Bank of Hawaii by 183.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 417 shares of the bank’s stock worth $31,000 after buying an additional 270 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of Bank of Hawaii by 488.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 588 shares of the bank’s stock worth $44,000 after purchasing an additional 488 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Bank of Hawaii by 72.4% in the 1st quarter. Covestor Ltd now owns 707 shares of the bank’s stock worth $59,000 after purchasing an additional 297 shares in the last quarter. Point72 Hong Kong Ltd lifted its holdings in shares of Bank of Hawaii by 27.9% in the 1st quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock worth $60,000 after purchasing an additional 155 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Bank of Hawaii by 91.0% in the 1st quarter. Captrust Financial Advisors now owns 938 shares of the bank’s stock worth $79,000 after purchasing an additional 447 shares in the last quarter. 74.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, CEO Peter S. Ho sold 5,500 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $79.30, for a total transaction of $436,150.00. Following the transaction, the chief executive officer now directly owns 233,681 shares in the company, valued at approximately $18,530,903.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com cut Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, December 6th. DA Davidson cut their target price on Bank of Hawaii from $80.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, October 25th. Finally, Compass Point cut their target price on Bank of Hawaii to $86.00 in a report on Thursday, October 27th.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $78.52 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $78.62 and its two-hundred day simple moving average is $78.21. Bank of Hawaii Co. has a 1-year low of $70.15 and a 1-year high of $89.44. The stock has a market cap of $3.14 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 1.81 and a beta of 1.01.

Bank of Hawaii (NYSE:BOHGet Rating) last issued its quarterly earnings data on Monday, October 24th. The bank reported $1.28 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $172.32 million for the quarter, compared to the consensus estimate of $183.20 million. During the same quarter last year, the business posted $1.52 earnings per share. As a group, analysts forecast that Bank of Hawaii Co. will post 5.62 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 30th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.57%. The ex-dividend date was Tuesday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 50.63%.

About Bank of Hawaii

(Get Rating)

Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.

Further Reading

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

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