Bank of Hawaii Corporation $BOH Shares Sold by 140 Summer Partners LP

140 Summer Partners LP lowered its stake in Bank of Hawaii Corporation (NYSE:BOH) by 18.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 558,553 shares of the bank’s stock after selling 128,312 shares during the quarter. Bank of Hawaii makes up 3.2% of 140 Summer Partners LP’s investment portfolio, making the stock its 17th largest holding. 140 Summer Partners LP owned about 1.40% of Bank of Hawaii worth $36,663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Creative Planning bought a new stake in shares of Bank of Hawaii during the 3rd quarter worth $302,000. Schonfeld Strategic Advisors LLC raised its stake in shares of Bank of Hawaii by 879.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 33,840 shares of the bank’s stock valued at $2,221,000 after purchasing an additional 30,386 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Bank of Hawaii by 8.4% in the 3rd quarter. Raymond James Financial Inc. now owns 13,737 shares of the bank’s stock valued at $902,000 after buying an additional 1,064 shares in the last quarter. Amundi grew its position in Bank of Hawaii by 8.7% in the third quarter. Amundi now owns 6,921 shares of the bank’s stock valued at $455,000 after acquiring an additional 556 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Bank of Hawaii by 4.6% during the 3rd quarter. California State Teachers Retirement System now owns 38,378 shares of the bank’s stock worth $2,519,000 after purchasing an additional 1,680 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $75.00 to $91.00 in a research note on Tuesday, January 27th. DA Davidson boosted their target price on Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 27th. Zacks Research upgraded shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a research report on Tuesday, January 27th. One research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

Bank of Hawaii Stock Performance

Shares of NYSE:BOH opened at $73.21 on Friday. The company’s 50 day moving average price is $74.99 and its two-hundred day moving average price is $69.37. The firm has a market cap of $2.90 billion, a PE ratio of 15.85, a PEG ratio of 0.74 and a beta of 0.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. Bank of Hawaii Corporation has a 12-month low of $57.44 and a 12-month high of $80.61.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. The company had revenue of $189.65 million during the quarter, compared to the consensus estimate of $184.83 million. During the same quarter in the prior year, the firm posted $0.85 EPS. Equities research 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 declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.8%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 60.61%.

Insider Activity at Bank of Hawaii

In related news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total value of $1,018,050.00. Following the sale, the chief executive officer owned 156,774 shares of the company’s stock, valued at $10,640,251.38. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.07% of the company’s stock.

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.