Swiss National Bank buys 5,800 shares of Bank of Hawaii Co. (NYSE: BOH)
The Swiss National Bank increased its stake in Bank of Hawaii Co. (NYSE: BOH – Get a rating) by 6.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 95,137 shares of the bank after purchasing an additional 5,800 shares during the period. The Swiss National Bank held 0.24% of Bank of Hawaii worth $7,984,000 at the end of the most recent reporting period.
A number of other institutional investors have also been buying and selling stocks recently. Covestor Ltd bought a new position in shares of Bank of Hawaii during the fourth quarter, valued at around $34,000. CWM LLC bought a new position in shares of Bank of Hawaii during the fourth quarter, valued at approximately $37,000. Steward Partners Investment Advisory LLC increased its stake in shares of Bank of Hawaii by 110.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 476 shares of the bank valued at $40,000 after buying an additional 250 shares last quarter. Point72 Hong Kong Ltd bought a new position in shares of Bank of Hawaii during the fourth quarter, valued at around $46,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Bank of Hawaii during the first quarter valued at around $89,000. 71.07% of the shares are held by institutional investors.
Bank of Hawaii shares fall 0.7%
BOH Stock opened at $83.82 on Friday. Bank of Hawaii Co. has a 1-year low of $70.89 and a 1-year high of $92.38. The company has a fifty-day moving average price of $77.33 and a 200-day moving average price of $79.83. The company has a debt ratio of 0.01, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $3.37 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.87 and a beta of 1.12.
Bank of Hawaii (NYSE: BOH – Get a rating) last released its quarterly results on Monday, July 25. The bank reported earnings per share of $1.38 for the quarter, beating the consensus estimate of $1.35 by $0.03. Bank of Hawaii had a return on equity of 17.98% and a net margin of 33.63%. In the same period a year earlier, the company earned earnings per share of $1.68. Stock analysts expect Bank of Hawaii Co. to post earnings per share of 5.64 for the current fiscal year.
Bank of Hawaii Dividend Announcement
The company also recently declared 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. This represents an annualized dividend of $2.80 and a dividend yield of 3.34%. The ex-dividend date is Tuesday, August 30. Bank of Hawaii’s dividend payout ratio is currently 48.53%.
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 on Wednesday, August 10. The stock was sold at an average price of $81.67, for a total value of $449,185.00. Following the completion of the sale, the CEO now owns 239,181 shares of the company, valued at $19,533,912.27. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Insiders of the company own 2.06% of the shares of the company.
Wall Street analysts predict growth
BOH has been the subject of several analyst reports. Jefferies Financial Group lowered its price target on Bank of Hawaii shares from $87.00 to $79.00 in a Monday, July 11 research note. StockNews.com upgraded Bank of Hawaii shares from a “sell” rating to a “hold” rating in a research note on Friday.
About Bank of Hawaii
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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