Cambridge Investment Research Advisors Inc. bought a new position in shares of Bank of Hawaii Corporation (NYSE:BOH) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,553 shares of the bank’s stock, valued at approximately $378,000.

Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Bank of Hawaii Corporation by 30.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock worth $126,000 after acquiring an additional 355 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Bank of Hawaii Corporation by 0.6% during the 2nd quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock worth $206,000 after acquiring an additional 14 shares during the last quarter. World Asset Management Inc increased its holdings in shares of Bank of Hawaii Corporation by 0.7% during the 1st quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock worth $216,000 after acquiring an additional 18 shares during the last quarter. Two Sigma Securities LLC acquired a new position in shares of Bank of Hawaii Corporation during the 1st quarter worth approximately $234,000. Finally, Timber Hill LLC acquired a new position in shares of Bank of Hawaii Corporation during the 1st quarter worth approximately $270,000. 75.66% of the stock is currently owned by institutional investors and hedge funds.

In other Bank of Hawaii Corporation news, insider Donna A. Tanoue sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $76.88, for a total value of $461,280.00. Following the completion of the sale, the insider now directly owns 9,969 shares of the company’s stock, valued at $766,416.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donna A. Tanoue sold 4,050 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $76.15, for a total value of $308,407.50. Following the completion of the sale, the insider now directly owns 9,969 shares of the company’s stock, valued at $759,139.35. The disclosure for this sale can be found here. Insiders sold 11,235 shares of company stock valued at $860,767 over the last three months. Company insiders own 2.16% of the company’s stock.

Bank of Hawaii Corporation (BOH) opened at 77.87 on Friday. The company’s 50 day moving average price is $80.04 and its 200-day moving average price is $81.18. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 18.20 and a beta of 0.96. Bank of Hawaii Corporation has a 12-month low of $70.12 and a 12-month high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last issued its quarterly earnings results on Monday, July 24th. The bank reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. The business had revenue of $157.52 million for the quarter, compared to analyst estimates of $157.76 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. During the same period last year, the company posted $1.03 earnings per share. On average, equities analysts anticipate that Bank of Hawaii Corporation will post $4.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.52 dividend. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, August 29th. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is currently 48.48%.

A number of research firms recently weighed in on BOH. Piper Jaffray Companies reissued a “hold” rating and set a $94.00 target price on shares of Bank of Hawaii Corporation in a report on Wednesday, July 26th. Zacks Investment Research raised Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. BidaskClub lowered Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Barclays PLC boosted their target price on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $85.00 target price on shares of Bank of Hawaii Corporation in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Bank of Hawaii Corporation presently has an average rating of “Hold” and a consensus price target of $86.40.

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Bank of Hawaii Corporation Profile

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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

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