Legal & General Group Plc Invests $7.65 Million in Bank of Hawaii Corporation $BOH

Legal & General Group Plc bought a new position in shares of Bank of Hawaii Corporation (NYSE:BOH) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 93,824 shares of the bank’s stock, valued at approximately $7,646,000.

Several other institutional investors also recently bought and sold shares of BOH. Danske Bank A S bought a new stake in Bank of Hawaii in the 4th quarter valued at $27,000. Western Wealth Management LLC bought a new position in shares of Bank of Hawaii during the 1st quarter valued at about $33,000. SHP Wealth Management bought a new position in shares of Bank of Hawaii during the 4th quarter valued at about $34,000. Global Retirement Partners LLC purchased a new position in shares of Bank of Hawaii during the second quarter valued at about $34,000. Finally, Quarry LP increased its holdings in shares of Bank of Hawaii by 1,497.2% in the third quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after purchasing an additional 539 shares during the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Bank of Hawaii

In other news, insider Marco A. Abbruzzese sold 2,441 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total value of $199,161.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.97% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BOH has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of Hawaii in a research note on Friday, July 24th. Benchmark restated a “hold” rating on shares of Bank of Hawaii in a report on Tuesday, July 28th. Keefe, Bruyette & Woods reduced their price objective on Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Stephens cut Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock. in a report on Thursday, August 6th. Finally, DA Davidson increased their target price on Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.00.

Bank of Hawaii Stock Performance

Bank of Hawaii stock opened at $75.07 on Wednesday. The company’s 50-day moving average price is $80.63 and its 200-day moving average price is $78.24. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.96 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.86 and a beta of 0.70. Bank of Hawaii Corporation has a twelve month low of $59.36 and a twelve month high of $86.31.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, July 27th. The bank reported $1.47 EPS for the quarter, beating 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 firm had revenue of $196.90 million during the quarter, compared to the consensus estimate of $199.51 million. During the same quarter last year, the firm earned $1.06 EPS. On average, equities research analysts forecast that Bank of Hawaii Corporation will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a yield of 3.7%. Bank of Hawaii’s dividend payout ratio is 52.24%.

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.