Pacer Advisors Inc. Boosts Holdings in Bank of Hawaii Corporation (BOH)

Pacer Advisors Inc. boosted its position in Bank of Hawaii Corporation (NYSE:BOH) by 11.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,445 shares of the bank’s stock after purchasing an additional 575 shares during the quarter. Pacer Advisors Inc.’s holdings in Bank of Hawaii Corporation were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Bank of Hawaii Corporation by 30.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock worth $126,000 after buying an additional 355 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Bank of Hawaii Corporation by 0.6% during the 2nd quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock valued at $206,000 after purchasing an additional 14 shares during the last quarter. World Asset Management Inc grew its holdings in shares of Bank of Hawaii Corporation by 0.7% during the 1st quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock valued at $216,000 after purchasing an additional 18 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Bank of Hawaii Corporation during the 1st quarter valued at $234,000. Finally, Timber Hill LLC bought a new position in shares of Bank of Hawaii Corporation during the 1st quarter valued at $270,000. Institutional investors and hedge funds own 75.66% of the company’s stock.

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In other Bank of Hawaii Corporation news, insider Donna A. Tanoue sold 4,050 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $76.15, for a total value of $308,407.50. Following the completion of the sale, the insider now owns 9,969 shares in the company, valued at $759,139.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Donna A. Tanoue sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total value of $461,280.00. Following the completion of the sale, the insider now owns 9,969 shares of the company’s stock, valued at approximately $766,416.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,235 shares of company stock valued at $860,767. 2.16% of the stock is owned by company insiders.

Shares of Bank of Hawaii Corporation (NYSE:BOH) opened at 78.69 on Friday. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 18.39 and a beta of 0.96. Bank of Hawaii Corporation has a 52 week low of $70.40 and a 52 week high of $90.80. The stock has a 50 day moving average of $79.90 and a 200-day moving average of $81.13.

Bank of Hawaii Corporation (NYSE:BOH) last posted its earnings results on Monday, July 24th. The bank reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.02. The firm had revenue of $157.52 million during the quarter, compared to analysts’ expectations of $157.76 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. During the same quarter in the previous year, the business earned $1.03 earnings per share. On average, analysts anticipate that Bank of Hawaii Corporation will post $4.43 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Thursday, August 31st were paid a dividend of $0.52 per share. This is a boost from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 29th. This represents a $2.08 annualized dividend and a yield of 2.64%. Bank of Hawaii Corporation’s payout ratio is presently 48.48%.

Several equities research analysts have weighed in on the stock. BidaskClub cut shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $85.00 target price on shares of Bank of Hawaii Corporation in a research report on Friday, July 14th. Morgan Stanley raised their target price on shares of Bank of Hawaii Corporation from $74.00 to $75.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 6th. Zacks Investment Research raised shares of Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Wednesday, May 24th. Finally, Barclays PLC reissued an “equal weight” rating and set a $83.00 price target (up from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $86.40.

About Bank of Hawaii Corporation

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

Institutional Ownership by Quarter for Bank of Hawaii Corporation (NYSE:BOH)

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