Bank of Hawaii Co. (NYSE:BOH) Shares Acquired by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC increased its position in Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 62.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,098 shares of the bank’s stock after acquiring an additional 1,958 shares during the period. AlphaCrest Capital Management LLC’s holdings in Bank of Hawaii were worth $388,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Sei Investments Co. increased its holdings in shares of Bank of Hawaii by 1.9% in the 1st quarter. Sei Investments Co. now owns 8,223 shares of the bank’s stock worth $724,000 after acquiring an additional 151 shares during the period. Point72 Hong Kong Ltd increased its stake in shares of Bank of Hawaii by 27.9% during the first quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock valued at $60,000 after acquiring an additional 155 shares during the period. Treasurer of the State of North Carolina raised its holdings in Bank of Hawaii by 1.3% during the third quarter. Treasurer of the State of North Carolina now owns 16,949 shares of the bank’s stock worth $1,290,000 after purchasing an additional 220 shares in the last quarter. DAVENPORT & Co LLC lifted its position in Bank of Hawaii by 1.4% in the third quarter. DAVENPORT & Co LLC now owns 18,904 shares of the bank’s stock worth $1,439,000 after purchasing an additional 261 shares during the period. Finally, Meeder Asset Management Inc. lifted its position in Bank of Hawaii by 183.7% in the second quarter. Meeder Asset Management Inc. now owns 417 shares of the bank’s stock worth $31,000 after purchasing an additional 270 shares during the period. Institutional investors and hedge funds own 74.29% of the company’s stock.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $63.38 on Friday. Bank of Hawaii Co. has a one year low of $59.90 and a one year high of $87.27. The stock has a fifty day moving average of $76.37 and a 200-day moving average of $77.33. The company has a market capitalization of $2.52 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 1.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.65 and a current ratio of 0.65.

Bank of Hawaii (NYSE:BOH – Get Rating) last announced its quarterly earnings data on Monday, January 23rd. The bank reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.08. Bank of Hawaii had a return on equity of 19.31% and a net margin of 29.91%. The company had revenue of $213.49 million during the quarter, compared to the consensus estimate of $181.09 million. During the same quarter in the prior year, the firm earned $1.55 EPS. As a group, equities analysts anticipate that Bank of Hawaii Co. will post 4.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.70 per share. The ex-dividend date is Monday, February 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.42%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 51.09%.

Insider Activity

In other news, CEO Peter S. Ho sold 7,000 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $76.40, for a total transaction of $534,800.00. Following the completion of the sale, the chief executive officer now owns 226,681 shares in the company, valued at approximately $17,318,428.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.06% of the company’s stock.

Analysts Set New Price Targets

BOH has been the subject of a number of research analyst reports. StockNews.com downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Tuesday, December 6th. Compass Point downgraded 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, January 24th.

Bank of Hawaii Profile

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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.