Bank of Hawaii Co. (BOH) Shares Bought by Glen Harbor Capital Management LLC
Glen Harbor Capital Management LLC increased its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 48.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,240 shares of the bank’s stock after purchasing an additional 1,376 shares during the quarter. Glen Harbor Capital Management LLC’s holdings in Bank of Hawaii were worth $354,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. DekaBank Deutsche Girozentrale acquired a new stake in Bank of Hawaii in the first quarter valued at approximately $731,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Bank of Hawaii by 44.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,258 shares of the bank’s stock valued at $271,000 after acquiring an additional 1,002 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Bank of Hawaii in the first quarter valued at approximately $11,353,000. Swiss National Bank grew its position in Bank of Hawaii by 2.3% in the first quarter. Swiss National Bank now owns 74,337 shares of the bank’s stock valued at $6,177,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Bank of Hawaii by 4.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 223,187 shares of the bank’s stock valued at $18,547,000 after acquiring an additional 9,292 shares in the last quarter. 75.32% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Barbara J. Tanabe sold 613 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $83.23, for a total transaction of $51,019.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary G. F. Bitterman sold 367 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $81.91, for a total transaction of $30,060.97. The disclosure for this sale can be found here. 2.04% of the stock is currently owned by company insiders.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, July 23rd. The bank reported $1.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.30. Bank of Hawaii had a net margin of 28.32% and a return on equity of 16.26%. The company had revenue of $161.79 million during the quarter, compared to the consensus estimate of $164.78 million. During the same quarter last year, the company earned $1.05 earnings per share. analysts anticipate that Bank of Hawaii Co. will post 5.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 31st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, August 30th. Bank of Hawaii’s payout ratio is currently 54.42%.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Bank of Hawaii from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Morgan Stanley increased their price objective on shares of Bank of Hawaii from $86.00 to $87.00 and gave the company an “underweight” rating in a research report on Thursday, July 26th. ValuEngine raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $89.00 price objective on shares of Bank of Hawaii in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $91.42.
Bank of Hawaii 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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