Bank of Hawaii Co. (NYSE:BOH) Stock Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,866 shares of the bank’s stock after purchasing an additional 276 shares during the period. Principal Financial Group Inc. owned 0.39% of Bank of Hawaii worth $12,167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BOH. State Street Corp raised its stake in shares of Bank of Hawaii by 10.9% during the 1st quarter. State Street Corp now owns 1,777,119 shares of the bank’s stock worth $149,136,000 after purchasing an additional 174,889 shares in the last quarter. Northern Trust Corp raised its stake in shares of Bank of Hawaii by 25.8% in the 1st quarter. Northern Trust Corp now owns 447,658 shares of the bank’s stock valued at $37,568,000 after acquiring an additional 91,791 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of Bank of Hawaii by 15.7% in the 4th quarter. Boston Trust Walden Corp now owns 667,285 shares of the bank’s stock valued at $51,755,000 after acquiring an additional 90,523 shares in the last quarter. LPL Financial LLC raised its stake in shares of Bank of Hawaii by 124.7% in the 4th quarter. LPL Financial LLC now owns 136,437 shares of the bank’s stock valued at $10,582,000 after acquiring an additional 75,713 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Bank of Hawaii by 7.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 770,983 shares of the bank’s stock valued at $64,701,000 after acquiring an additional 55,707 shares in the last quarter. 74.29% of the stock is owned by hedge funds and other institutional investors.

Bank of Hawaii Stock Performance

BOH opened at $39.55 on Friday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 7.46, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The stock’s 50 day moving average price is $46.32 and its two-hundred day moving average price is $65.78. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.43. Bank of Hawaii Co. has a 12-month low of $30.83 and a 12-month high of $85.45.

Bank of Hawaii (NYSE:BOH – Get Rating) last released its earnings results on Monday, April 24th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.09). The business had revenue of $229.07 million during the quarter, compared to analyst estimates of $177.67 million. Bank of Hawaii had a net margin of 26.90% and a return on equity of 19.01%. During the same period last year, the business earned $1.32 EPS. On average, equities analysts forecast that Bank of Hawaii Co. will post 4.29 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 7.08%. The ex-dividend date is Tuesday, May 30th. Bank of Hawaii’s payout ratio is presently 52.83%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BOH shares. TheStreet downgraded Bank of Hawaii from a “b-” rating to a “c+” rating in a research note on Tuesday, April 4th. StockNews.com raised Bank of Hawaii to a “sell” rating in a research note on Friday, May 12th. DA Davidson cut their price objective on Bank of Hawaii from $76.00 to $55.00 in a research note on Monday, March 20th. Finally, Keefe, Bruyette & Woods cut their price objective on Bank of Hawaii from $83.00 to $60.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $66.25.

Insider Transactions at Bank of Hawaii

In other news, Director Kent Thomas Lucien acquired 1,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were bought at an average price of $32.29 per share, with a total value of $32,290.00. Following the acquisition, the director now owns 5,500 shares of the company’s stock, valued at $177,595. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Alicia E. Moy acquired 4,200 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were bought at an average price of $47.90 per share, with a total value of $201,180.00. Following the acquisition, the director now owns 10,482 shares of the company’s stock, valued at $502,087.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kent Thomas Lucien bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were bought at an average price of $32.29 per share, with a total value of $32,290.00. Following the transaction, the director now directly owns 5,500 shares in the company, valued at $177,595. The disclosure for this purchase can be found here. 2.11% of the stock is owned by insiders.

About Bank of Hawaii

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Bank of Hawaii Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers financial products and services, including loan, deposit and insurance products, private banking and international client banking services, trust services, investment management, and institutional investment advisory services.