Sawtooth Solutions LLC Acquires 695 Shares of Bank of Hawaii Co. (NYSE:BOH)

Sawtooth Solutions LLC grew its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 18.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,428 shares of the bank’s stock after acquiring an additional 695 shares during the quarter. Sawtooth Solutions LLC’s holdings in Bank of Hawaii were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. West Branch Capital LLC bought a new position in shares of Bank of Hawaii during the 2nd quarter valued at $25,000. Advisory Services Network LLC bought a new position in shares of Bank of Hawaii during the 2nd quarter valued at $46,000. Dark Forest Capital Management LP bought a new position in shares of Bank of Hawaii during the 2nd quarter valued at $101,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Bank of Hawaii during the 2nd quarter valued at $211,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Bank of Hawaii during the 2nd quarter valued at $227,000. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Vice Chairman Sharon M. Crofts sold 2,642 shares of the company’s stock in a transaction on Thursday, October 28th. The stock was sold at an average price of $84.44, for a total value of $223,090.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.02% of the company’s stock.

NYSE:BOH opened at $91.88 on Friday. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.19 and a beta of 1.23. Bank of Hawaii Co. has a one year low of $75.68 and a one year high of $99.10. The business has a fifty day moving average price of $85.13 and a 200-day moving average price of $83.96.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Sunday, October 24th. The bank reported $1.52 EPS for the quarter, topping the consensus estimate of $1.33 by $0.19. The firm had revenue of $168.20 million during the quarter, compared to analyst estimates of $167.36 million. Bank of Hawaii had a return on equity of 16.69% and a net margin of 33.28%. During the same period in the prior year, the business posted $0.95 EPS. Research analysts anticipate that Bank of Hawaii Co. will post 6.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 14th. Stockholders of record on Tuesday, November 30th were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.05%. Bank of Hawaii’s dividend payout ratio (DPR) is 48.61%.

Separately, Jefferies Financial Group lowered their price target on Bank of Hawaii from $87.00 to $84.00 and set a “hold” rating on the stock in a report on Monday, October 11th.

Bank of Hawaii Profile

Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.

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

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