Bank of New York Mellon Corp Acquires 5,578 Shares of Bank of Hawaii Co. (NYSE:BOH)

Bank of New York Mellon Corp raised its holdings in Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 500,822 shares of the bank’s stock after purchasing an additional 5,578 shares during the period. Bank of New York Mellon Corp owned approximately 1.25% of Bank of Hawaii worth $38,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its position in shares of Bank of Hawaii by 183.7% in the second quarter. Meeder Asset Management Inc. now owns 417 shares of the bank’s stock valued at $31,000 after buying an additional 270 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Bank of Hawaii in the 3rd quarter valued at $53,000. Covestor Ltd lifted its position in shares of Bank of Hawaii by 72.4% during the 1st quarter. Covestor Ltd now owns 707 shares of the bank’s stock valued at $59,000 after acquiring an additional 297 shares during the period. Captrust Financial Advisors increased its position in shares of Bank of Hawaii by 91.0% in the first quarter. Captrust Financial Advisors now owns 938 shares of the bank’s stock worth $79,000 after purchasing an additional 447 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in Bank of Hawaii by 69,950.0% in the third quarter. Rockefeller Capital Management L.P. now owns 1,401 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,399 shares in the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.

Bank of Hawaii Stock Down 6.1 %

Shares of NYSE BOH opened at $63.38 on Monday. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.59 and a beta of 1.01. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.36. Bank of Hawaii Co. has a 12 month low of $59.90 and a 12 month high of $87.27. The stock has a 50-day moving average price of $76.37 and a two-hundred day moving average price of $77.29.

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

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 14th. Investors 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 yield of 4.42%. Bank of Hawaii’s dividend payout ratio is currently 51.09%.

Insiders Place Their Bets

In other news, CEO Peter S. Ho sold 7,000 shares of the business’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $76.40, for a total transaction of $534,800.00. Following the sale, the chief executive officer now directly owns 226,681 shares in the company, valued at $17,318,428.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Compass Point downgraded shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Tuesday, January 24th. StockNews.com cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, December 6th.

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.