Toronto Dominion Bank acquired a new stake in Bank of Hawaii Co. (NYSE: BOH – received rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The company purchased 15,452 shares of the bank for approximately $1,297,000.

A number of other hedge funds and other institutional investors have also changed their holdings in the company. NorthCrest Asset Management LLC increased its position in Bank of Hawaii shares by 2.9% in the first quarter. NorthCrest Asset Management LLC now owns 7,175 shares of the bank, valued at $602,000, after purchasing an additional 200 shares last quarter. Eaton Vance Management increased its position in Bank of Hawaii shares by 1.5% in the fourth quarter. Eaton Vance Management now owns 14,073 shares of the bank, valued at $1,116,000, after purchasing an additional 209 shares last quarter. Advisor Group Holdings Inc. increased its position in Bank of Hawaii shares 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. Steward Partners Investment Advisory LLC increased its position in Bank of Hawaii stocks by 110.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 476 shares of the bank, valued at $40,000, after purchasing an additional 250 shares last quarter. Finally, First Affirmative Financial Network increased its position in Bank of Hawaii stock by 12.0% during the fourth quarter. First Affirmative Financial Network now owns 3,022 shares of the bank, valued at $253,000, after purchasing an additional 323 shares last quarter. 71.07% of the shares are currently owned by institutional investors and hedge funds.

Bank of Hawaii declines 0.7%

shares of Bank of Hawaii stocks opened at $84.45 on Thursday. Bank of Hawaii Co. has a 1-year low of $70.89 and a 1-year high of $92.38. The company has a market cap of $3.39 billion, a P/E of 14.64, a PEG ratio of 1.89 and a beta of 1.12. The company has a leverage of 0.01, a quick ratio of 0.64 and a current ratio of 0.64. The company’s 50-day moving average is $76.99 and its 200-day moving average is $79.90.

Bank of Hawaii (NYSE: BOH – received rating) last released its earnings results on Monday, July 25th. The bank reported $1.38 EPS for the quarter, beating the 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%. For the same period last year, the company posted earnings per share of $1.68. Analysts are forecasting that the Bank of Hawaii Co. will report earnings per share of 5.64 for the current year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31 will receive a dividend of $0.70. That equates to an annualized dividend of $2.80 and a dividend yield of 3.32%. The ex-dividend date is Tuesday 30th August. Bank of Hawaii’s dividend payout ratio (DPR) is currently 48.53%.

Insider Transactions at the Bank of Hawaii

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 value of $449,185.00. Upon completion of the sale, the Chief Executive Officer now owns 239,181 shares of the Company, valued at $19,533,912.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed here the SEC website. Company insiders own 2.06% of the company’s shares.

Changes in analyst ratings

Several research analysts have issued reports on the stock. Jefferies Financial Group lowered its target price on Bank of Hawaii shares to $79.00 from $87.00 in a research report on Monday, July 11. StockNews.com downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Thursday, August 11.

Bank of Hawaii profile

(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.

See also

Want to see what other hedge funds are holding BOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Bank of Hawaii Co. (NYSE: BOH – received rating).

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