21,846 Shares in Bank of Hawaii Corporation $BOH Bought by J.Safra Asset Management Corp

J.Safra Asset Management Corp acquired a new stake in Bank of Hawaii Corporation (NYSE:BOH) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,846 shares of the bank’s stock, valued at approximately $1,245,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BOH. DF Dent & Co. Inc. lifted its holdings in shares of Bank of Hawaii by 4.8% in the 3rd quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock worth $225,000 after purchasing an additional 157 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Bank of Hawaii by 11.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,520 shares of the bank’s stock worth $104,000 after purchasing an additional 160 shares during the last quarter. CoreFirst Bank & Trust raised its position in Bank of Hawaii by 14.6% in the first quarter. CoreFirst Bank & Trust now owns 1,410 shares of the bank’s stock worth $105,000 after acquiring an additional 180 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Bank of Hawaii by 23.1% in the first quarter. EverSource Wealth Advisors LLC now owns 985 shares of the bank’s stock valued at $73,000 after purchasing an additional 185 shares during the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Bank of Hawaii by 6.2% during the 4th quarter. Rothschild Investment LLC now owns 3,213 shares of the bank’s stock valued at $220,000 after buying an additional 188 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BOH shares. Wall Street Zen cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. DA Davidson raised their price objective on Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Barclays dropped their target price on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 28th. Stephens lowered Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 target price for the company. in a research note on Thursday, August 6th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Bank of Hawaii currently has an average rating of “Hold” and an average price target of $85.00.

Insider Activity

In related news, insider Marco A. Abbruzzese sold 2,441 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total transaction of $199,161.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.97% of the company’s stock.

Bank of Hawaii Stock Down 0.0%

BOH opened at $80.27 on Monday. The company has a market cap of $3.17 billion, a P/E ratio of 14.98, a P/E/G ratio of 0.91 and a beta of 0.71. The business’s 50-day moving average price is $80.93 and its 200-day moving average price is $78.17. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. Bank of Hawaii Corporation has a 12 month low of $59.36 and a 12 month high of $86.31.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, July 27th. The bank reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.01. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%.The company had revenue of $196.90 million during the quarter, compared to analysts’ expectations of $199.51 million. During the same period in the prior year, the business posted $1.06 EPS. On average, equities analysts expect that Bank of Hawaii Corporation will post 5.88 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid 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 of this dividend is Monday, August 31st. Bank of Hawaii’s dividend payout ratio is 52.24%.

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.