Aaron Wealth Advisors LLC bought a new position in shares of Bank of Hawaii Co. (NYSE:BOH – Get Rating) during Q1, according to the company in its latest 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,798 shares of the bank, valued at around $367,000. Aaron Wealth Advisors LLC owned approximately 0.08% of Bank of Hawaii when it last filed with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently changed their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in Bank of Hawaii during Q4 for approximately $244,000. Advisor Group Holdings Inc. increased its stake in shares of Bank of Hawaii by 3.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 6,880 shares of the bank valued at $577,000 after buying 228 additional shares in the last quarter. Envestnet Asset Management Inc. increased its holdings of Bank of Hawaii shares 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 111,671 shares of the bank valued at $9,354,000 after buying an additional 1,491 shares last quarter. American Century Companies Inc. increased its position in Bank of Hawaii by 34.6% in the fourth quarter. American Century Companies Inc. now owns 115,892 shares of the bank worth $9,707,000 after buying an additional 29,804 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in Bank of Hawaii by 30.9% in the 4th quarter. ProShare Advisors LLC now owns 3,660 shares of the bank worth $307,000 after buying 865 additional shares in the last quarter. 71.07% of the shares are currently held by institutional investors and hedge funds.
Analysts set new price targets
Several equity research analysts have recently commented on the company. StockNews.com upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Friday. Jefferies Financial Group lowered its price target on Bank of Hawaii from $87.00 to $79.00 in a Monday, July 11 research report.
Insider trading at the Bank of Hawaii
In related news, CEO Peter S. Ho sold 5,500 shares of Bank of Hawaii in a trade that took place on Wednesday, August 10. The shares were sold at an average price of $81.67, for a total transaction of $449,185.00. As a result of the transaction, the CEO now owns 239,181 shares of the company, valued at approximately $19,533,912.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders own 2.06% of the company’s shares.
Bank of Hawaii down 2.5%
NYSE BOH shares opened at $81.69 on Tuesday. Bank of Hawaii Co. has a fifty-two week low of $70.89 and a fifty-two week high of $92.38. The company has a market capitalization of $3.28 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.86 and a beta of 1.12. The company has a debt ratio of 0.01, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50-day simple moving average is $77.48 and its 200-day simple moving average is $79.76.
Bank of Hawaii (NYSE:BOH – Get Rating) last released its quarterly results on Monday, July 25. The bank reported earnings per share of $1.38 for the quarter, beating consensus analyst estimates of $1.35 by $0.03. Bank of Hawaii had a return on equity of 17.98% and a net margin of 33.63%. During the same period a year earlier, the company posted EPS of $1.68. On average, analysts predict that Bank of Hawaii Co. will post EPS of 5.64 for the current year.
Bank of Hawaii announces dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Wednesday, August 31 will receive a dividend of $0.70 per share. The ex-date of this dividend is Tuesday, August 30. This represents an annualized dividend of $2.80 and a dividend yield of 3.43%. Bank of Hawaii’s payout ratio is currently 48.53%.
About Bank of Hawaii
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Bank of Hawaii Corporation operates as a bank holding company for Bank of Hawaii which provides various financial products and services in Hawaii, Guam and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking and Treasury and Others. The Consumer Banking segment offers checking, savings and term deposit accounts; residential mortgages, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; banking, investment, credit and trust services to individuals and families, and high net worth individuals; investment management; institutional investment advisory services to corporations, government entities and foundations; and brokerage offerings, including stocks, mutual funds, life insurance and annuity products.
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