The New York State Common Retirement Fund reduced its holdings in Bank of Hawaii Co. (NYSE: BOH – received rating) down 0.3% in Q1, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The company owned 46,400 shares of the bank after selling 148 shares during the quarter. The New York State Common Retirement Fund owned about 0.12% of the Bank of Hawaii worth $3,894,000 at the end of the most recent quarter.

Several other institutional investors have recently changed their holdings of BOH. Allspring Global Investments Holdings LLC acquired a new position in Bank of Hawaii valued at approximately $244,000 during the fourth quarter. CWM LLC bought a new position in Bank of Hawaii valued at approximately $37,000 during the fourth quarter. Zürcher Kantonalbank Zürcher Kantonalbank increased its stake in Bank of Hawaii by 37.0% in the fourth quarter. Zurich Cantonal Bank Zurich Cantonal Bank now owns 5,105 shares of the bank, valued at $428,000, after buying another 1,380 shares last quarter. Mutual of America Capital Management LLC increased its stake in Bank of Hawaii by 1.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 36,204 shares of the bank, valued at $3,032,000, after purchasing an additional 517 shares last quarter. Finally, Advisor Group Holdings Inc. increased its stake in Bank of Hawaii by 3.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 6,880 shares of the bank, valued at $577,000, after purchasing an additional 228 shares last quarter. Institutional investors and hedge funds own 71.07% of the company’s shares.

Insider buying and selling

In related news, CEO Peter S.Ho sold 5,500 shares of the company’s shares in a transaction on Wednesday, August 10. The shares sold at an average price of $81.67 for a total transaction of $449,185.00. Following the transaction, the Chief Executive Officer now directly owns 239,181 shares of the Company, valued at $19,533,912.27. The sale was announced in a filing with the SEC, which is available through this link. 2.06% of the shares are owned by company insiders.

Analyst upgrades and downgrades

A number of brokers have weighed BOH. Jefferies Financial Group lowered its target price on Bank of Hawaii shares from $87.00 to $79.00 in a research note on Monday, July 11. StockNews.com cut Bank of Hawaii shares from a “hold” rating to a “sell” rating in a research report Thursday.

Bank of Hawaii stock performance

shares of BOH share opened at $83.87 on Friday. The company’s 50-day simple moving average is $76.66 and its 200-day simple moving average is $79.93. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt to equity ratio of 0.01. The company has a market cap of $3.37 billion, a P/E of 14.54, a P/E of 1.81, and a beta of 1.12. The Bank of Hawaii Co. has a 12-month low of $70.89 and a 12-month high of $92.38.

Bank of Hawaii (NYSE: BOH – received rating) last released its earnings results on Monday, July 25th. The bank reported earnings per share of $1.38 for the quarter, beating analysts’ consensus estimate of $1.35 by $0.03. Bank of Hawaii had a net margin of 33.63% and a return on equity of 17.98%. In the same quarter last year, the company earned $1.68 per share. Equities analysts expect Bank of Hawaii Co. to post 5.64 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31 will receive a dividend of $0.70 per share. The ex-dividend date is Tuesday 30th August. That equates to an annual dividend of $2.80 and a yield of 3.34%. The Bank of Hawaii RTP is 48.53%.

About the Bank of Hawaii

(received rating)

Bank of Hawaii Corporation acts as the bank holding company for Bank of Hawaii, which provides various financial products and services in Hawaii, Guam and other Pacific Islands. It operates through three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers current, savings and time deposit accounts; residential mortgage loans, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases and credit cards; personal and international banking, investment, lending and trustee services for individuals and families and high net worth individuals; investment management; institutional investment advice for corporations, government agencies and foundations; and brokerage offerings, including stocks, mutual funds, life insurance, and annuity products.

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