First Trust Advisors LP boosted its stake in Bank of Hawaii Corp. (NYSE:BOH) by 26.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 229,022 shares of the company’s stock after buying an additional 48,335 shares during the period. First Trust Advisors LP owned approximately 0.54% of Bank of Hawaii Corp. worth $16,632,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in Bank of Hawaii Corp. during the second quarter valued at about $3,077,000. Parametrica Management Ltd purchased a new stake in Bank of Hawaii Corp. during the second quarter valued at about $489,000. Country Club Trust Company n.a. raised its stake in Bank of Hawaii Corp. by 2.2% in the second quarter. Country Club Trust Company n.a. now owns 154,406 shares of the company’s stock valued at $10,623,000 after buying an additional 3,350 shares in the last quarter. LS Investment Advisors LLC raised its stake in Bank of Hawaii Corp. by 74.7% in the second quarter. LS Investment Advisors LLC now owns 2,579 shares of the company’s stock valued at $177,000 after buying an additional 1,103 shares in the last quarter. Finally, First American Bank raised its stake in Bank of Hawaii Corp. by 0.8% in the second quarter. First American Bank now owns 50,129 shares of the company’s stock valued at $3,449,000 after buying an additional 413 shares in the last quarter. 77.33% of the stock is owned by institutional investors.
Shares of Bank of Hawaii Corp. (NYSE:BOH) opened at 85.53 on Friday. The firm’s 50-day moving average is $77.83 and its 200-day moving average is $71.96. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 20.36 and a beta of 0.87. Bank of Hawaii Corp. has a one year low of $54.55 and a one year high of $88.43.
Bank of Hawaii Corp. (NYSE:BOH) last posted its earnings results on Monday, October 24th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.03. Bank of Hawaii Corp. had a return on equity of 15.80% and a net margin of 27.91%. During the same quarter last year, the firm earned $0.79 earnings per share. Equities research analysts forecast that Bank of Hawaii Corp. will post $4.23 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, November 28th. Bank of Hawaii Corp.’s dividend payout ratio (DPR) is presently 45.71%.
Several research firms recently issued reports on BOH. Zacks Investment Research lowered shares of Bank of Hawaii Corp. from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Barclays PLC increased their target price on shares of Bank of Hawaii Corp. from $71.00 to $73.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 25th. Finally, Compass Point began coverage on shares of Bank of Hawaii Corp. in a report on Thursday, August 11th. They issued a “neutral” rating and a $69.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $72.13.
In other news, Director Barbara J. Tanabe sold 3,550 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $73.88, for a total transaction of $262,274.00. Following the completion of the transaction, the director now directly owns 7,974 shares of the company’s stock, valued at $589,119.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.52% of the company’s stock.
Bank of Hawaii Corp. Company Profile