13,647 Shares in Bank of Hawaii Corporation $BOH Purchased by Centaurus Financial Inc.

Centaurus Financial Inc. acquired a new position in Bank of Hawaii Corporation (NYSE:BOH) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,647 shares of the bank’s stock, valued at approximately $1,013,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. boosted its position in Bank of Hawaii by 122.3% during the third quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock worth $66,464,000 after purchasing an additional 557,148 shares during the period. Deprince Race & Zollo Inc. bought a new stake in shares of Bank of Hawaii in the first quarter valued at approximately $34,385,000. Nuveen LLC lifted its stake in shares of Bank of Hawaii by 455.6% during the 4th quarter. Nuveen LLC now owns 491,187 shares of the bank’s stock valued at $33,582,000 after buying an additional 402,774 shares in the last quarter. Verition Fund Management LLC lifted its stake in shares of Bank of Hawaii by 1,699.7% during the 3rd quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after buying an additional 251,063 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Bank of Hawaii by 36.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock worth $59,166,000 after buying an additional 229,806 shares during the period. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Price Performance

BOH stock opened at $79.83 on Friday. The firm has a 50 day moving average of $80.33 and a 200-day moving average of $77.56. The firm has a market capitalization of $3.15 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.91 and a beta of 0.70. Bank of Hawaii Corporation has a 12 month low of $59.36 and a 12 month high of $86.31. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.33.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, July 27th. The bank reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. The business had revenue of $196.90 million for the quarter, compared to analyst estimates of $199.51 million. During the same quarter in the prior year, the firm posted $1.06 EPS. As a group, sell-side analysts predict that Bank of Hawaii Corporation will post 5.9 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, August 31st. Bank of Hawaii’s payout ratio is 52.24%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BOH shares. DA Davidson boosted their target price on shares of Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of Hawaii in a report on Friday, July 24th. Stephens lifted their price target on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Benchmark reiterated a “hold” rating on shares of Bank of Hawaii in a research note on Tuesday. Finally, Barclays decreased their price objective on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Bank of Hawaii currently has an average rating of “Hold” and an average price target of $85.80.

Bank of Hawaii 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.