Charter Trust Co. held its position in Bank of Hawaii Corporation (NYSE:BOH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,801 shares of the bank’s stock at the end of the second quarter. Charter Trust Co.’s holdings in Bank of Hawaii Corporation were worth $232,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Horan Capital Management purchased a new position in Bank of Hawaii Corporation during the first quarter valued at $773,000. Capstone Asset Management Co. increased its position in Bank of Hawaii Corporation by 8.5% in the first quarter. Capstone Asset Management Co. now owns 3,429 shares of the bank’s stock valued at $282,000 after buying an additional 270 shares in the last quarter. Bank of Montreal Can increased its position in Bank of Hawaii Corporation by 1.2% in the first quarter. Bank of Montreal Can now owns 26,897 shares of the bank’s stock valued at $2,216,000 after buying an additional 316 shares in the last quarter. Creative Planning increased its position in Bank of Hawaii Corporation by 4.2% in the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock valued at $134,000 after buying an additional 65 shares in the last quarter. Finally, Northstar Group Inc. purchased a new position in Bank of Hawaii Corporation during the first quarter valued at $1,557,000. 77.82% of the stock is owned by institutional investors.
Bank of Hawaii Corporation (BOH) opened at 81.58 on Wednesday. The firm has a 50-day moving average price of $80.16 and a 200 day moving average price of $83.40. Bank of Hawaii Corporation has a 52-week low of $66.38 and a 52-week high of $90.80. The firm has a market capitalization of $3.48 billion, a P/E ratio of 19.11 and a beta of 0.95.
Bank of Hawaii Corporation (NYSE:BOH) last posted its earnings results on Monday, April 24th. The bank reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.12. Bank of Hawaii Corporation had a return on equity of 15.61% and a net margin of 27.57%. The business had revenue of $165.79 million during the quarter, compared to analyst estimates of $159.45 million. During the same quarter last year, the firm earned $1.16 earnings per share. Analysts forecast that Bank of Hawaii Corporation will post $4.37 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 31st were paid a $0.50 dividend. The ex-dividend date was Friday, May 26th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.45%. This is a positive change from Bank of Hawaii Corporation’s previous quarterly dividend of $0.48. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is 46.84%.
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Several equities analysts have weighed in on the company. Zacks Investment Research raised Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. BidaskClub raised Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $77.33.
In other news, CEO Peter S. Ho sold 3,000 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $83.28, for a total value of $249,840.00. Following the completion of the sale, the chief executive officer now owns 160,386 shares in the company, valued at $13,356,946.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $82.17, for a total value of $1,232,550.00. Following the completion of the sale, the chief executive officer now owns 173,386 shares of the company’s stock, valued at approximately $14,247,127.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,000 shares of company stock valued at $2,306,590. Insiders own 2.16% of the company’s stock.
About Bank of Hawaii Corporation
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 products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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