Oregon Public Employees Retirement Fund boosted its position in Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,738 shares of the bank’s stock after buying an additional 292 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Bank of Hawaii were worth $893,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in BOH. Victory Capital Management Inc. lifted its holdings in Bank of Hawaii by 39.8% in the 2nd quarter. Victory Capital Management Inc. now owns 2,167,240 shares of the bank’s stock worth $161,242,000 after buying an additional 617,432 shares in the last quarter. Boston Trust Walden Corp increased its position in shares of Bank of Hawaii by 140.0% in the 3rd quarter. Boston Trust Walden Corp now owns 576,762 shares of the bank’s stock worth $43,903,000 after purchasing an additional 336,460 shares during the last quarter. State Street Corp increased its position in shares of Bank of Hawaii by 10.9% in the 1st quarter. State Street Corp now owns 1,777,119 shares of the bank’s stock worth $149,136,000 after purchasing an additional 174,889 shares during the last quarter. Northern Trust Corp increased its position in shares of Bank of Hawaii by 25.8% in the 1st quarter. Northern Trust Corp now owns 447,658 shares of the bank’s stock worth $37,568,000 after purchasing an additional 91,791 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Bank of Hawaii by 7.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 770,983 shares of the bank’s stock worth $64,701,000 after purchasing an additional 55,707 shares during the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.
Bank of Hawaii Price Performance
Shares of NYSE:BOH opened at $74.68 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.36. Bank of Hawaii Co. has a fifty-two week low of $70.15 and a fifty-two week high of $89.30. The firm has a 50-day simple moving average of $78.37 and a 200 day simple moving average of $78.24. The company has a market cap of $2.99 billion, a PE ratio of 13.50, a P/E/G ratio of 1.69 and a beta of 1.01.
Bank of Hawaii Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Tuesday, February 28th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Monday, February 27th. Bank of Hawaii’s payout ratio is 50.63%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Tuesday, December 6th. DA Davidson dropped their target price on shares of Bank of Hawaii from $80.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, October 25th. Finally, Compass Point downgraded shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Tuesday.
Insider Buying and Selling at Bank of Hawaii
In other Bank of Hawaii news, CEO Peter S. Ho sold 5,500 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 233,681 shares of the company’s stock, valued at approximately $18,530,903.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.06% of the stock is currently owned by company insiders.
Bank of Hawaii Company Profile
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.
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