Public Sector Pension Investment Board Has $10.18 Million Stock Position in Bank of Hawaii Corporation $BOH

Public Sector Pension Investment Board raised its stake in Bank of Hawaii Corporation (NYSE:BOH) by 14.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 155,147 shares of the bank’s stock after buying an additional 19,815 shares during the quarter. Public Sector Pension Investment Board owned about 0.39% of Bank of Hawaii worth $10,184,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Bank of Hawaii by 150.0% during the third quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after acquiring an additional 270 shares during the period. Strs Ohio acquired a new stake in shares of Bank of Hawaii in the 1st quarter valued at about $41,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Bank of Hawaii by 461.3% in the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after purchasing an additional 512 shares in the last quarter. State of Wyoming lifted its holdings in shares of Bank of Hawaii by 8,220.0% in the second quarter. State of Wyoming now owns 832 shares of the bank’s stock valued at $56,000 after purchasing an additional 822 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Bank of Hawaii by 1,372.3% during the second quarter. Headlands Technologies LLC now owns 1,222 shares of the bank’s stock worth $83,000 after buying an additional 1,139 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

Insider Transactions at Bank of Hawaii

In other news, CEO Peter S. Ho sold 15,000 shares of Bank of Hawaii stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BOH has been the topic of a number of recent research reports. DA Davidson lifted their target price on Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, January 27th. Barclays lifted their price objective on shares of Bank of Hawaii from $75.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, January 27th. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a report on Monday, December 29th. Zacks Research upgraded shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

Bank of Hawaii Stock Performance

NYSE BOH opened at $78.21 on Tuesday. The firm has a market capitalization of $3.11 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.81 and a beta of 0.75. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $72.25 and its two-hundred day moving average price is $67.82. Bank of Hawaii Corporation has a 1 year low of $57.44 and a 1 year high of $80.25.

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

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.70 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.80 annualized dividend and a yield of 3.6%. Bank of Hawaii’s dividend payout ratio is currently 60.61%.

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.