First Hawaiian Bank Sells 14,564 Shares of Bank of Hawaii Corporation $BOH

First Hawaiian Bank trimmed its holdings in Bank of Hawaii Corporation (NYSE:BOH) by 45.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,422 shares of the bank’s stock after selling 14,564 shares during the quarter. First Hawaiian Bank’s holdings in Bank of Hawaii were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in Bank of Hawaii by 150.0% during the third quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after acquiring an additional 270 shares in the last quarter. Quarry LP increased its stake in shares of Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after purchasing an additional 539 shares in the last quarter. Strs Ohio purchased a new position in shares of Bank of Hawaii during the first quarter valued at approximately $41,000. EverSource Wealth Advisors LLC boosted its position in shares of Bank of Hawaii by 461.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after purchasing an additional 512 shares in the last quarter. Finally, State of Wyoming boosted its position in shares of Bank of Hawaii by 8,220.0% in the 2nd quarter. State of Wyoming now owns 832 shares of the bank’s stock worth $56,000 after purchasing an additional 822 shares in the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Price Performance

Shares of NYSE BOH opened at $71.26 on Friday. The firm has a market cap of $2.83 billion, a P/E ratio of 15.42, a PEG ratio of 0.73 and a beta of 0.73. Bank of Hawaii Corporation has a twelve month low of $57.44 and a twelve month high of $80.61. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $75.11 and a 200 day moving average of $69.46.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, January 26th. The bank reported $1.39 EPS for the quarter, beating the consensus estimate of $1.25 by $0.14. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.The business had revenue of $189.65 million for the quarter, compared to the consensus estimate of $184.83 million. During the same period last year, the business posted $0.85 EPS. As a group, research analysts expect that Bank of Hawaii Corporation will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.9%. Bank of Hawaii’s dividend payout ratio (DPR) is 60.61%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BOH. Barclays raised their price objective on Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” 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. Zacks Research upgraded Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of Hawaii in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.80.

Insider Buying and Selling

In related news, CEO Peter S. Ho sold 15,000 shares of Bank of Hawaii stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the sale, the chief executive officer directly owned 156,774 shares in the company, valued at approximately $10,640,251.38. This trade represents a 8.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.07% of the company’s stock.

Bank of Hawaii Profile

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.