2,469 Shares in Bank of Hawaii Co. (NYSE:BOH) Acquired by OLD National Bancorp IN

OLD National Bancorp IN acquired a new position in Bank of Hawaii Co. (NYSE:BOH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,469 shares of the bank’s stock, valued at approximately $205,000.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Bank of Hawaii by 20.3% in the 4th quarter. LPL Financial LLC now owns 3,223 shares of the bank’s stock worth $217,000 after buying an additional 544 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Bank of Hawaii by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,057,779 shares of the bank’s stock valued at $71,209,000 after purchasing an additional 20,612 shares during the last quarter. Bank of America Corp DE lifted its position in Bank of Hawaii by 145.5% in the 4th quarter. Bank of America Corp DE now owns 63,574 shares of the bank’s stock valued at $4,279,000 after purchasing an additional 37,681 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Bank of Hawaii in the 4th quarter valued at about $583,000. Finally, Thrivent Financial for Lutherans lifted its position in Bank of Hawaii by 4.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 10,669 shares of the bank’s stock valued at $718,000 after purchasing an additional 473 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors.

In other Bank of Hawaii news, Vice Chairman James C. Polk sold 6,176 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $80.82, for a total transaction of $499,144.32. Following the sale, the insider now directly owns 31,291 shares in the company, valued at approximately $2,528,938.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.13% of the stock is currently owned by insiders.

Several analysts recently weighed in on BOH shares. Zacks Investment Research downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Compass Point downgraded shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and cut their price objective for the company from $83.00 to $82.00 in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Hold” and an average target price of $84.75.

NYSE:BOH traded down $0.82 during mid-day trading on Friday, hitting $82.06. The stock had a trading volume of 1,048 shares, compared to its average volume of 174,112. The stock has a market capitalization of $3.37 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 2.03 and a beta of 0.91. The stock’s 50 day moving average is $81.93. Bank of Hawaii Co. has a 52 week low of $63.64 and a 52 week high of $85.89. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.03. The firm had revenue of $169.55 million for the quarter, compared to the consensus estimate of $167.65 million. Bank of Hawaii had a net margin of 30.23% and a return on equity of 17.85%. During the same period last year, the firm posted $1.30 EPS. Equities research analysts anticipate that Bank of Hawaii Co. will post 5.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.60 annualized dividend and a yield of 3.17%. Bank of Hawaii’s dividend payout ratio is presently 49.71%.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

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Institutional Ownership by Quarter for Bank of Hawaii (NYSE:BOH)

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