Banque Pictet & Cie SA Purchases 350 Shares of Bank of Hawaii Corp. (BOH)
Banque Pictet & Cie SA boosted its stake in Bank of Hawaii Corp. (NYSE:BOH) by 1.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,180 shares of the company’s stock after buying an additional 350 shares during the period. Banque Pictet & Cie SA owned approximately 0.07% of Bank of Hawaii Corp. worth $2,046,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can purchased a new stake in shares of Bank of Hawaii Corp. during the second quarter valued at about $3,077,000. Parametrica Management Ltd bought a new stake in Bank of Hawaii Corp. during the second quarter valued at $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 during 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 during 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 during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.
Bank of Hawaii Corp. (NYSE:BOH) traded up 0.16% during trading on Tuesday, hitting $83.12. The stock had a trading volume of 342,381 shares. The firm has a 50 day moving average of $78.10 and a 200-day moving average of $72.11. The company has a market cap of $3.55 billion, a P/E ratio of 19.79 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 released its earnings results on Monday, October 24th. The company reported $1.02 EPS for the quarter, topping 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 in the previous year, the business posted $0.79 earnings per share. Equities analysts anticipate that Bank of Hawaii Corp. will post $4.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, November 28th. This represents a $1.92 annualized dividend and a yield of 2.31%. Bank of Hawaii Corp.’s payout ratio is 45.71%.
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Several research firms recently weighed in on BOH. Zacks Investment Research lowered Bank of Hawaii Corp. from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Barclays PLC increased their price target on Bank of Hawaii Corp. from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Tuesday, October 25th. Finally, Compass Point began coverage on Bank of Hawaii Corp. in a report on Thursday, August 11th. They set a “neutral” rating and a $69.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, Bank of Hawaii Corp. has a consensus rating of “Hold” and an average price target of $72.13.
In related news, Director Barbara J. Tanabe sold 3,550 shares of the business’s stock in a transaction 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 approximately $589,119.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.52% of the company’s stock.
About Bank of Hawaii Corp.
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 services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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