UBS Group AG Boosts Stock Position in Bank of Hawaii Co. (NYSE:BOH)

UBS Group AG grew its stake in shares of Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,570 shares of the bank’s stock after buying an additional 6,601 shares during the period. UBS Group AG owned 0.25% of Bank of Hawaii worth $7,723,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Boothbay Fund Management LLC purchased a new position in shares of Bank of Hawaii during the 3rd quarter valued at about $204,000. Hendershot Investments Inc. lifted its holdings in Bank of Hawaii by 6.0% in the 4th quarter. Hendershot Investments Inc. now owns 151,363 shares of the bank’s stock worth $11,740,000 after purchasing an additional 8,569 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in Bank of Hawaii in the 4th quarter worth approximately $516,000. Oregon Public Employees Retirement Fund lifted its holdings in Bank of Hawaii by 2.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,738 shares of the bank’s stock worth $893,000 after purchasing an additional 292 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC lifted its holdings in Bank of Hawaii by 1.4% in the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 158,047 shares of the bank’s stock worth $12,031,000 after purchasing an additional 2,163 shares in the last quarter. 74.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Kent Thomas Lucien bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were purchased at an average cost of $32.29 per share, with a total value of $32,290.00. Following the completion of the acquisition, the director now directly owns 5,500 shares in the company, valued at $177,595. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Bank of Hawaii news, Director Kent Thomas Lucien acquired 1,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were bought at an average cost of $32.29 per share, with a total value of $32,290.00. Following the completion of the acquisition, the director now owns 5,500 shares in the company, valued at $177,595. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alicia E. Moy acquired 4,200 shares of the company’s stock in a transaction on Monday, May 1st. The stock was acquired at an average cost of $47.90 per share, for a total transaction of $201,180.00. Following the completion of the acquisition, the director now owns 10,482 shares of the company’s stock, valued at approximately $502,087.80. The disclosure for this purchase can be found here. 2.11% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BOH has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on Bank of Hawaii from $83.00 to $60.00 and set a “market perform” rating on the stock in a report on Thursday, April 6th. DA Davidson decreased their price objective on Bank of Hawaii from $76.00 to $55.00 in a report on Monday, March 20th. TheStreet cut Bank of Hawaii from a “b-” rating to a “c+” rating in a report on Tuesday, April 4th. Finally, StockNews.com raised Bank of Hawaii to a “sell” rating in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $66.25.

Bank of Hawaii Trading Down 2.1 %

Shares of NYSE BOH opened at $39.64 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.66 and a quick ratio of 0.66. The stock has a market capitalization of $1.57 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 1.18 and a beta of 0.97. Bank of Hawaii Co. has a 1-year low of $30.83 and a 1-year high of $85.45. The business has a fifty day moving average price of $46.58 and a 200 day moving average price of $65.96.

Bank of Hawaii (NYSE:BOH – Get Rating) last released its quarterly earnings results on Monday, April 24th. The bank reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.09). The business had revenue of $229.07 million during the quarter, compared to analysts’ expectations of $177.67 million. Bank of Hawaii had a net margin of 26.90% and a return on equity of 19.01%. During the same quarter last year, the business posted $1.32 earnings per share. Equities research analysts expect that Bank of Hawaii Co. will post 4.29 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 7.06%. The ex-dividend date of this dividend is Tuesday, May 30th. Bank of Hawaii’s dividend payout ratio (DPR) is 52.83%.

Bank of Hawaii Profile

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Bank of Hawaii Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers financial products and services, including loan, deposit and insurance products, private banking and international client banking services, trust services, investment management, and institutional investment advisory services.