Rehmann Capital Advisory Group boosted its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 40.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,445 shares of the bank’s stock after buying an additional 1,000 shares during the period. Rehmann Capital Advisory Group’s holdings in Bank of Hawaii Corporation were worth $287,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Bank of Hawaii Corporation by 2.1% during the second quarter. Vanguard Group Inc. now owns 3,671,470 shares of the bank’s stock valued at $304,622,000 after buying an additional 75,570 shares during the last quarter. State Street Corp boosted its stake in Bank of Hawaii Corporation by 17.3% during the first quarter. State Street Corp now owns 1,994,913 shares of the bank’s stock valued at $164,305,000 after buying an additional 294,607 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Bank of Hawaii Corporation by 9.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,208,500 shares of the bank’s stock valued at $100,270,000 after buying an additional 101,583 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Bank of Hawaii Corporation by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,030,384 shares of the bank’s stock valued at $85,492,000 after buying an additional 20,389 shares during the last quarter. Finally, Wasatch Advisors Inc. boosted its stake in Bank of Hawaii Corporation by 4.0% during the second quarter. Wasatch Advisors Inc. now owns 787,183 shares of the bank’s stock valued at $65,313,000 after buying an additional 30,009 shares during the last quarter. 76.16% of the stock is owned by institutional investors.

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In other news, insider Donna A. Tanoue sold 1,185 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $76.86, for a total value of $91,079.10. Following the sale, the insider now directly owns 15,204 shares in the company, valued at $1,168,579.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Donna A. Tanoue sold 4,050 shares of the stock in a transaction on Monday, September 11th. The shares were 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 owns 9,969 shares in the company, valued at $759,139.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,235 shares of company stock worth $860,767. Insiders own 2.16% of the company’s stock.

Several research firms have recently issued reports on BOH. Zacks Investment Research raised Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Bank of Hawaii Corporation in a research note on Friday, September 15th. BidaskClub lowered Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Barclays PLC raised their price target on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley reissued an “underweight” rating and set a $77.00 price target (up from $75.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $87.92.

Shares of Bank of Hawaii Corporation (BOH) traded up 0.26% on Tuesday, hitting $81.96. The stock had a trading volume of 5,627 shares. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 19.15 and a beta of 0.98. Bank of Hawaii Corporation has a 12-month low of $72.97 and a 12-month high of $90.80. The stock has a 50 day moving average of $82.32 and a 200 day moving average of $81.31.

Bank of Hawaii Corporation (NYSE:BOH) last announced its quarterly earnings data on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $158.73 million for the quarter, compared to analysts’ expectations of $163.29 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.27%. During the same period last year, the firm earned $1.02 earnings per share. Equities analysts predict that Bank of Hawaii Corporation will post $4.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Wednesday, November 29th. Bank of Hawaii Corporation’s payout ratio is currently 47.82%.

Bank of Hawaii Corporation announced that its Board of Directors has initiated a stock repurchase plan on Monday, October 23rd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the bank to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

About Bank of Hawaii Corporation

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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