Jefferies Financial Group Inc. Boosts Stock Holdings in Bank of Hawaii Corporation $BOH

Jefferies Financial Group Inc. grew its stake in shares of Bank of Hawaii Corporation (NYSE:BOH) by 157.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,283 shares of the bank’s stock after buying an additional 16,665 shares during the quarter. Jefferies Financial Group Inc. owned 0.07% of Bank of Hawaii worth $1,791,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Bank of Hawaii by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,049,452 shares of the bank’s stock valued at $68,885,000 after acquiring an additional 37,370 shares during the period. American Century Companies Inc. increased its stake in Bank of Hawaii by 0.3% in the 3rd quarter. American Century Companies Inc. now owns 655,639 shares of the bank’s stock worth $43,036,000 after purchasing an additional 2,175 shares during the period. Norges Bank purchased a new position in Bank of Hawaii in the 2nd quarter worth approximately $30,569,000. Basswood Capital Management L.L.C. lifted its position in Bank of Hawaii by 32.7% in the second quarter. Basswood Capital Management L.L.C. now owns 339,540 shares of the bank’s stock valued at $22,929,000 after purchasing an additional 83,621 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Bank of Hawaii by 33.0% in the second quarter. Bank of America Corp DE now owns 279,454 shares of the bank’s stock valued at $18,872,000 after purchasing an additional 69,267 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BOH. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a report on Monday, December 29th. Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a research report on Tuesday, January 27th. Zacks Research raised shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Barclays boosted 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 research report on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods upgraded shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $91.00 in a research report on Tuesday, January 27th. 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.com, Bank of Hawaii has an average rating of “Moderate Buy” and a consensus price target of $81.80.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $73.87 on Thursday. Bank of Hawaii Corporation has a 12 month low of $57.44 and a 12 month high of $80.61. The stock has a market cap of $2.93 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 0.75 and a beta of 0.73. 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 company’s fifty day moving average price is $74.79 and its 200-day moving average price is $69.30.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 26th. The bank reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.14. Bank of Hawaii had a net margin of 19.30% and a return on equity of 14.42%. The company had revenue of $189.65 million during the quarter, compared to analyst estimates of $184.83 million. During the same period last year, the business earned $0.85 EPS. On average, equities analysts expect that Bank of Hawaii Corporation will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 27th. Bank of Hawaii’s dividend payout ratio is currently 60.61%.

Insider Buying and Selling

In other news, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total transaction of $1,018,050.00. Following the sale, the chief executive officer owned 156,774 shares in the company, valued at $10,640,251.38. This represents a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.07% of the company’s stock.

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.