Natixis Advisors LLC Sells 79,055 Shares of Bank of Hawaii Corporation $BOH

Natixis Advisors LLC cut its stake in Bank of Hawaii Corporation (NYSE:BOH) by 24.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242,983 shares of the bank’s stock after selling 79,055 shares during the quarter. Natixis Advisors LLC owned 0.61% of Bank of Hawaii worth $15,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MAI Capital Management grew its position in Bank of Hawaii by 5.7% in the 3rd quarter. MAI Capital Management now owns 2,972 shares of the bank’s stock worth $195,000 after purchasing an additional 160 shares during the period. Cerity Partners LLC lifted its holdings in shares of Bank of Hawaii by 1.2% during the 2nd quarter. Cerity Partners LLC now owns 16,391 shares of the bank’s stock valued at $1,107,000 after buying an additional 196 shares during the period. California State Teachers Retirement System boosted its stake in shares of Bank of Hawaii by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 36,698 shares of the bank’s stock worth $2,478,000 after buying an additional 213 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Bank of Hawaii by 150.0% in the third quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after acquiring an additional 270 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of Bank of Hawaii by 8.8% in the third quarter. Jones Financial Companies Lllp now owns 3,804 shares of the bank’s stock worth $250,000 after acquiring an additional 307 shares during the period. Institutional investors own 82.18% of the company’s stock.

Insiders Place Their Bets

In other Bank of Hawaii news, CEO Peter S. Ho sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the transaction, the chief executive officer directly 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 document filed with the SEC, which is available through this hyperlink. 2.07% of the stock is owned by corporate insiders.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $73.72 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50-day simple moving average of $74.89 and a two-hundred day simple moving average of $69.33. The firm has a market capitalization of $2.92 billion, a PE ratio of 15.96, a P/E/G ratio of 0.75 and a beta of 0.73. Bank of Hawaii Corporation has a 52-week low of $57.44 and a 52-week high of $80.61.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.39 EPS for the quarter, topping the consensus estimate of $1.25 by $0.14. The firm had revenue of $189.65 million for the quarter, compared to the consensus estimate of $184.83 million. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.During the same quarter last year, the company earned $0.85 earnings per share. Analysts forecast that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

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

Analyst Upgrades and Downgrades

BOH has been the topic of a number of recent research reports. Wall Street Zen raised Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 29th. Barclays upped their price target 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. Keefe, Bruyette & Woods raised shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $75.00 to $91.00 in a report on Tuesday, January 27th. Finally, Zacks Research upgraded shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

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.