Natixis Advisors LLC Lowers Holdings in Bank of Hawaii Corporation $BOH

Natixis Advisors LLC decreased its holdings in Bank of Hawaii Corporation (NYSE:BOH) by 24.5% in the third quarter, HoldingsChannel.com reports. The fund owned 242,983 shares of the bank’s stock after selling 79,055 shares during the quarter. Natixis Advisors LLC’s holdings in Bank of Hawaii were worth $15,949,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Bank of Hawaii by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,049,452 shares of the bank’s stock worth $68,885,000 after purchasing an additional 37,370 shares during the period. American Century Companies Inc. raised its position in shares of Bank of Hawaii by 0.3% during the third quarter. American Century Companies Inc. now owns 655,639 shares of the bank’s stock valued at $43,036,000 after buying an additional 2,175 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Bank of Hawaii by 10.8% in the third quarter. Intech Investment Management LLC now owns 21,948 shares of the bank’s stock worth $1,441,000 after buying an additional 2,140 shares in the last quarter. Fox Run Management L.L.C. lifted its holdings in shares of Bank of Hawaii by 48.4% in the third quarter. Fox Run Management L.L.C. now owns 5,347 shares of the bank’s stock worth $351,000 after buying an additional 1,744 shares in the last quarter. Finally, MAI Capital Management boosted its position in shares of Bank of Hawaii by 5.7% during the third quarter. MAI Capital Management now owns 2,972 shares of the bank’s stock worth $195,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

BOH stock opened at $73.72 on Friday. Bank of Hawaii Corporation has a 52 week low of $57.44 and a 52 week high of $80.61. The firm has a market capitalization of $2.92 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 0.75 and a beta of 0.73. The company has a fifty day simple moving average of $74.89 and a two-hundred day simple moving average of $69.33. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.14. The firm had revenue of $189.65 million for the quarter, compared to the consensus estimate of $184.83 million. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. During the same period in the previous year, the firm posted $0.85 EPS. Analysts anticipate that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 27th. Bank of Hawaii’s payout ratio is presently 60.61%.

Insider Transactions at Bank of Hawaii

In other news, CEO Peter S. Ho sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total transaction of $1,018,050.00. Following the transaction, the chief executive officer owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. The trade was a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.07% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BOH shares. Barclays lifted their price target on shares of Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, January 27th. DA Davidson raised their price objective on Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, January 27th. Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a research note on Tuesday, January 27th. Finally, Zacks Research upgraded Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Bank of Hawaii has an average rating of “Moderate Buy” and a consensus target price of $81.80.

About Bank of Hawaii

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.