Segall Bryant & Hamill LLC bought a new position in Bank of Hawaii Corporation (NYSE:BOH – Free Report) during the 1st quarter, Holdings Channel.com reports. The fund bought 7,156 shares of the bank’s stock, valued at approximately $529,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Danske Bank A S bought a new stake in shares of Bank of Hawaii in the fourth quarter worth about $27,000. Western Wealth Management LLC bought a new position in Bank of Hawaii during the first quarter valued at approximately $33,000. SHP Wealth Management bought a new position in Bank of Hawaii during the fourth quarter valued at approximately $34,000. Quarry LP grew its holdings in Bank of Hawaii by 1,497.2% during the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after buying an additional 539 shares in the last quarter. Finally, Strs Ohio purchased a new position in Bank of Hawaii during the 1st quarter valued at approximately $41,000. Institutional investors own 82.18% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Barclays decreased their price objective on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 28th. Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Stephens cut shares of Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price target on the stock. in a research report on Thursday. DA Davidson upped their price target on shares of Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Benchmark reiterated a “hold” rating on shares of Bank of Hawaii in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus target price of $85.00.
Bank of Hawaii Trading Down 0.8%
Shares of BOH stock opened at $79.04 on Friday. Bank of Hawaii Corporation has a 1 year low of $59.36 and a 1 year high of $86.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $80.49 and its two-hundred day simple moving average is $77.87. The company has a market cap of $3.12 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.91 and a beta of 0.71.
Bank of Hawaii (NYSE:BOH – Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.01. The business had revenue of $196.90 million during the quarter, compared to analyst estimates of $199.51 million. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%.During the same period last year, the company earned $1.06 EPS. Research analysts predict that Bank of Hawaii Corporation will post 5.88 earnings per share for the current year.
Bank of Hawaii Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.70 dividend. The ex-dividend date is Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 52.24%.
Insider Transactions at Bank of Hawaii
In other Bank of Hawaii news, insider Marco A. Abbruzzese sold 2,441 shares of Bank of Hawaii stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total transaction of $199,161.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.97% of the stock is currently owned by corporate insiders.
About Bank of Hawaii
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.
Further Reading
- Five stocks we like better than Bank of Hawaii
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Want to see what other hedge funds are holding BOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Hawaii Corporation (NYSE:BOH – Free Report).
Receive News & Ratings for Bank of Hawaii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii and related companies with MarketBeat.com's FREE daily email newsletter.
