Swiss National Bank lessened its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,437 shares of the bank’s stock after selling 3,100 shares during the quarter. Swiss National Bank’s holdings in Bank of Hawaii were worth $7,448,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of BOH. Neuberger Berman Group LLC lifted its stake in shares of Bank of Hawaii by 12.5% in the first quarter. Neuberger Berman Group LLC now owns 2,811,072 shares of the bank’s stock worth $250,526,000 after acquiring an additional 312,013 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Bank of Hawaii by 39.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,414,879 shares of the bank’s stock worth $216,109,000 after acquiring an additional 687,337 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Bank of Hawaii by 16.6% in the second quarter. Victory Capital Management Inc. now owns 1,416,393 shares of the bank’s stock worth $119,288,000 after acquiring an additional 201,596 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Bank of Hawaii by 5.4% in the first quarter. Geode Capital Management LLC now owns 490,137 shares of the bank’s stock worth $43,862,000 after acquiring an additional 25,221 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Bank of Hawaii by 3.2% in the first quarter. Northern Trust Corp now owns 372,478 shares of the bank’s stock worth $33,333,000 after acquiring an additional 11,533 shares in the last quarter. Institutional investors own 71.82% of the company’s stock.
Shares of Bank of Hawaii stock opened at $77.15 on Wednesday. The firm has a market cap of $3.12 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.68 and a beta of 1.27. Bank of Hawaii Co. has a fifty-two week low of $48.77 and a fifty-two week high of $99.10. The business has a 50-day moving average price of $83.40 and a 200 day moving average price of $87.66.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 15th. Investors of record on Tuesday, August 31st will be issued a $0.70 dividend. This is a positive change from Bank of Hawaii’s previous quarterly dividend of $0.67. This represents a $2.80 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Monday, August 30th. Bank of Hawaii’s payout ratio is currently 72.54%.
Separately, Zacks Investment Research cut Bank of Hawaii from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a research note on Wednesday, June 9th.
In other news, CEO Peter S. Ho sold 5,833 shares of the company’s stock in a transaction that occurred on Monday, June 21st. The stock was sold at an average price of $82.09, for a total transaction of $478,830.97. Following the completion of the transaction, the chief executive officer now directly owns 241,900 shares of the company’s stock, valued at $19,857,571. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary E. Sellers sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of $86.84, for a total value of $434,200.00. Following the transaction, the insider now directly owns 100,972 shares of the company’s stock, valued at $8,768,408.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,833 shares of company stock valued at $4,702,366. 2.02% of the stock is owned by corporate insiders.
Bank of Hawaii Company Profile
Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.
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