JPMorgan Chase & Co. Sells 17,800 Shares of Bank of Hawaii Corporation $BOH

JPMorgan Chase & Co. lessened its holdings in Bank of Hawaii Corporation (NYSE:BOH) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,144 shares of the bank’s stock after selling 17,800 shares during the period. JPMorgan Chase & Co. owned approximately 0.26% of Bank of Hawaii worth $6,836,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BOH. Federated Hermes Inc. boosted its position in Bank of Hawaii by 1,736.0% in the third quarter. Federated Hermes Inc. now owns 35,380 shares of the bank’s stock worth $2,322,000 after purchasing an additional 33,453 shares during the last quarter. Peterson Wealth Services increased its position in shares of Bank of Hawaii by 4,266.5% during the 3rd quarter. Peterson Wealth Services now owns 17,466 shares of the bank’s stock valued at $1,146,000 after purchasing an additional 17,066 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Bank of Hawaii by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 155,147 shares of the bank’s stock valued at $10,184,000 after purchasing an additional 19,815 shares during the last quarter. Numerai GP LLC bought a new stake in shares of Bank of Hawaii during the 3rd quarter worth $5,893,000. Finally, Tudor Investment Corp ET AL raised its stake in shares of Bank of Hawaii by 33.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 105,845 shares of the bank’s stock worth $6,948,000 after purchasing an additional 26,634 shares during the period. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Price Performance

BOH opened at $74.33 on Wednesday. The firm has a 50-day moving average price of $75.49 and a 200-day moving average price of $69.76. 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 market capitalization of $2.95 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 0.74 and a beta of 0.73.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, January 26th. The bank reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.14. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. The company had revenue of $189.65 million for the quarter, compared to analysts’ expectations of $184.83 million. During the same period in the prior year, the company posted $0.85 EPS. Equities analysts expect that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, February 27th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 60.61%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BOH shares. Weiss Ratings upgraded shares of Bank of Hawaii from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Stephens reaffirmed an “overweight” rating on shares of Bank of Hawaii in a research report on Tuesday, January 27th. Zacks Research raised shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. DA Davidson raised their price target on shares of Bank of Hawaii from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 27th. Finally, Wall Street Zen raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

Insider Buying and Selling at Bank of Hawaii

In other news, CEO Peter S. Ho sold 15,000 shares of Bank of Hawaii stock in a transaction on 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 transaction, the chief executive officer directly owned 156,774 shares in the company, valued at approximately $10,640,251.38. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.97% of the company’s stock.

Bank of Hawaii Company 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.