Peterson Wealth Services Has $1.15 Million Position in Bank of Hawaii Corporation $BOH

Peterson Wealth Services raised its holdings in Bank of Hawaii Corporation (NYSE:BOH) by 4,266.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,466 shares of the bank’s stock after buying an additional 17,066 shares during the quarter. Peterson Wealth Services’ holdings in Bank of Hawaii were worth $1,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BOH. DAVENPORT & Co LLC lifted its holdings in Bank of Hawaii by 11.6% during the 2nd quarter. DAVENPORT & Co LLC now owns 23,832 shares of the bank’s stock valued at $1,609,000 after purchasing an additional 2,477 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Bank of Hawaii during the second quarter worth about $3,222,000. Capital Fund Management S.A. acquired a new stake in shares of Bank of Hawaii during the second quarter worth approximately $2,238,000. Norges Bank bought a new position in shares of Bank of Hawaii in the second quarter valued at approximately $30,569,000. Finally, KLP Kapitalforvaltning AS raised its stake in shares of Bank of Hawaii by 10.5% in the second quarter. KLP Kapitalforvaltning AS now owns 8,400 shares of the bank’s stock valued at $567,000 after acquiring an additional 800 shares during the last quarter. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Stock Performance

Shares of NYSE:BOH opened at $75.42 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. Bank of Hawaii Corporation has a 1-year low of $57.44 and a 1-year high of $78.25. The stock has a market capitalization of $3.00 billion, a P/E ratio of 16.32, a P/E/G ratio of 0.63 and a beta of 0.75. The business has a 50-day moving average price of $70.01 and a two-hundred day moving average price of $66.94.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, January 26th. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.14. The company had revenue of $189.65 million for the quarter, compared to analyst estimates of $184.83 million. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. During the same quarter last year, the firm earned $0.85 EPS. Equities analysts predict that Bank of Hawaii Corporation will post 3.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. Bank of Hawaii’s payout ratio is presently 60.61%.

Insider Buying and Selling at Bank of Hawaii

In other news, CEO Peter S. Ho sold 15,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total value of $1,018,050.00. Following the transaction, the chief executive officer directly owned 156,774 shares in the company, valued at $10,640,251.38. This trade represents a 8.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on BOH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of Hawaii in a report on Monday, December 29th. Stephens restated an “overweight” rating on shares of Bank of Hawaii in a research note on Tuesday, January 27th. Barclays lifted their price target on Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, January 27th. DA Davidson increased their price objective on shares of Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.80.

Bank of Hawaii Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.