64,178 Shares in Bank of Hawaii Corporation $BOH Acquired by Corient Private Wealth LP

Corient Private Wealth LP bought a new position in Bank of Hawaii Corporation (NYSE:BOH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 64,178 shares of the bank’s stock, valued at approximately $5,230,000.

Several other institutional investors have also recently added to or reduced their stakes in BOH. Danske Bank A S bought a new position in shares of Bank of Hawaii during the 4th quarter worth approximately $27,000. Freestone Grove Partners LP acquired a new stake in shares of Bank of Hawaii during the 2nd quarter worth approximately $32,000. Western Wealth Management LLC acquired a new stake in shares of Bank of Hawaii during the 1st quarter worth approximately $33,000. SHP Wealth Management bought a new stake in shares of Bank of Hawaii in the 4th quarter valued at $34,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Bank of Hawaii in the 2nd quarter valued at $34,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BOH. Benchmark reissued a “hold” rating on shares of Bank of Hawaii in a research note on Tuesday, July 28th. Stephens downgraded shares of Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price target for the company. in a research note on Thursday, August 6th. DA Davidson upped their price objective on shares of Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. Barclays cut their price objective on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank of Hawaii in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Bank of Hawaii presently has an average rating of “Hold” and an average target price of $85.00.

Bank of Hawaii Stock Performance

NYSE BOH opened at $75.98 on Tuesday. The company has a market cap of $3.00 billion, a P/E ratio of 14.18, a PEG ratio of 0.88 and a beta of 0.71. The company has a fifty day simple moving average of $80.75 and a 200 day simple moving average of $78.26. 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 released its quarterly earnings data on Monday, July 27th. The bank reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.01. The firm had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.51 million. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same quarter in the prior year, the company posted $1.06 earnings per share. Sell-side analysts predict that Bank of Hawaii Corporation will post 5.91 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.80 annualized dividend and a yield of 3.7%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 52.24%.

Insider Transactions at Bank of Hawaii

In other Bank of Hawaii news, insider Marco A. Abbruzzese sold 2,441 shares of Bank of Hawaii stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total transaction of $199,161.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.97% of the company’s stock.

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.