Northwestern Mutual Wealth Management Co. cut its stake in Bank of Hawaii Co. (NYSE:BOH) by 22.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 800 shares of the bank’s stock after selling 232 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Bank of Hawaii were worth $63,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its position in Bank of Hawaii by 3.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,784 shares of the bank’s stock valued at $322,000 after purchasing an additional 144 shares during the period. ETF Managers Group LLC grew its stake in shares of Bank of Hawaii by 9.1% during the first quarter. ETF Managers Group LLC now owns 1,748 shares of the bank’s stock valued at $138,000 after acquiring an additional 146 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Bank of Hawaii by 26.5% during the fourth quarter. Parallel Advisors LLC now owns 1,206 shares of the bank’s stock valued at $81,000 after acquiring an additional 253 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Bank of Hawaii by 0.7% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 45,754 shares of the bank’s stock valued at $3,609,000 after acquiring an additional 300 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. grew its stake in shares of Bank of Hawaii by 2.3% during the fourth quarter. Bbva Compass Bancshares Inc. now owns 14,885 shares of the bank’s stock valued at $1,002,000 after acquiring an additional 337 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on BOH. Zacks Investment Research downgraded Bank of Hawaii from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Compass Point downgraded Bank of Hawaii from a “buy” rating to a “neutral” rating and lowered their target price for the company from $83.00 to $82.00 in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $85.60.

In related news, Vice Chairman James C. Polk sold 6,176 shares of Bank of Hawaii stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $80.82, for a total value of $499,144.32. Following the completion of the transaction, the insider now directly owns 31,291 shares in the company, valued at $2,528,938.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.13% of the stock is currently owned by company insiders.

Shares of Bank of Hawaii stock opened at $80.51 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $3.30 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.92 and a beta of 0.89. Bank of Hawaii Co. has a 1-year low of $63.64 and a 1-year high of $86.61.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, April 22nd. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.07. The company had revenue of $168.52 million during the quarter, compared to the consensus estimate of $166.51 million. Bank of Hawaii had a return on equity of 17.81% and a net margin of 30.64%. During the same period last year, the firm earned $1.28 earnings per share. On average, analysts predict that Bank of Hawaii Co. will post 5.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.23%. This is an increase from Bank of Hawaii’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, May 30th. Bank of Hawaii’s dividend payout ratio (DPR) is 49.71%.

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Bank of Hawaii Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

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Institutional Ownership by Quarter for Bank of Hawaii (NYSE:BOH)

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