Yousif Capital Management LLC Has $1.01 Million Stock Holdings in Bank of Hawaii Corporation (NYSE:BOH)

Yousif Capital Management LLC decreased its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 2.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,699 shares of the bank’s stock after selling 351 shares during the quarter. Yousif Capital Management LLC’s holdings in Bank of Hawaii were worth $1,014,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in shares of Bank of Hawaii by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank’s stock valued at $13,729,000 after purchasing an additional 5,451 shares during the period. Wealth Alliance acquired a new position in shares of Bank of Hawaii in the 4th quarter valued at $222,000. Handelsbanken Fonder AB lifted its stake in shares of Bank of Hawaii by 19.9% in the 4th quarter. Handelsbanken Fonder AB now owns 9,037 shares of the bank’s stock valued at $644,000 after purchasing an additional 1,500 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of Bank of Hawaii by 1.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 22,060 shares of the bank’s stock valued at $1,572,000 after purchasing an additional 324 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Bank of Hawaii by 25.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,400 shares of the bank’s stock valued at $741,000 after purchasing an additional 2,091 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays increased their price target on Bank of Hawaii from $64.00 to $67.00 and gave the company an “underweight” rating in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus target price of $73.17.

Bank of Hawaii Price Performance

BOH opened at $65.11 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.41. Bank of Hawaii Corporation has a 12 month low of $55.43 and a 12 month high of $82.70. The company has a fifty day simple moving average of $66.68 and a 200 day simple moving average of $69.42. The stock has a market cap of $2.59 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.00 and a beta of 0.77.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, April 21st. The bank reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Bank of Hawaii had a net margin of 15.12% and a return on equity of 12.16%. The business had revenue of $169.87 million during the quarter, compared to analysts’ expectations of $168.65 million. During the same quarter in the prior year, the company earned $0.87 EPS. On average, research analysts expect that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Friday, May 30th. Bank of Hawaii’s dividend payout ratio is currently 78.65%.

Insider Activity at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $66.15, for a total transaction of $109,279.80. Following the completion of the transaction, the insider now owns 6,442 shares in the company, valued at approximately $426,138.30. This represents a 20.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.07% of the stock is owned by corporate insiders.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.