Sei Investments Co. raised its stake in shares of Bank of Hawaii Corporation (NYSE:BOH) by 2,492.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 295,328 shares of the bank’s stock after acquiring an additional 283,934 shares during the quarter. Sei Investments Co. owned approximately 0.70% of Bank of Hawaii Corporation worth $38,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BOH. Crestwood Advisors Group LLC boosted its position in Bank of Hawaii Corporation by 0.6% during the 2nd quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock valued at $206,000 after acquiring an additional 14 shares in the last quarter. World Asset Management Inc boosted its position in Bank of Hawaii Corporation by 1.4% during the 2nd quarter. World Asset Management Inc now owns 2,660 shares of the bank’s stock valued at $221,000 after acquiring an additional 36 shares in the last quarter. Eagle Ridge Investment Management bought a new stake in Bank of Hawaii Corporation during the 3rd quarter valued at $244,000. Shelton Capital Management bought a new stake in Bank of Hawaii Corporation during the 2nd quarter valued at $269,000. Finally, LS Investment Advisors LLC boosted its position in Bank of Hawaii Corporation by 17.0% during the 2nd quarter. LS Investment Advisors LLC now owns 3,357 shares of the bank’s stock valued at $279,000 after acquiring an additional 488 shares in the last quarter. 76.22% of the stock is currently owned by institutional investors and hedge funds.

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In other news, insider Donna A. Tanoue sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $76.88, for a total value of $461,280.00. Following the completion of the sale, the insider now owns 9,969 shares of the company’s stock, valued at approximately $766,416.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donna A. Tanoue sold 4,050 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $76.15, for a total value of $308,407.50. Following the completion of the sale, the insider now directly owns 9,969 shares of the company’s stock, valued at approximately $759,139.35. The disclosure for this sale can be found here. Insiders sold a total of 11,235 shares of company stock valued at $860,767 in the last three months. Insiders own 2.16% of the company’s stock.

Bank of Hawaii Corporation (NYSE BOH) traded up $0.20 during trading on Friday, hitting $78.86. The stock had a trading volume of 145,200 shares, compared to its average volume of 195,268. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market cap of $3,341.37, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.09 and a beta of 0.96. Bank of Hawaii Corporation has a 52-week low of $74.72 and a 52-week high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $1.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.08. The firm had revenue of $158.73 million during the quarter, compared to analysts’ expectations of $163.29 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.27%. During the same quarter last year, the firm earned $1.02 EPS. equities research analysts forecast that Bank of Hawaii Corporation will post 4.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a $0.52 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.64%. Bank of Hawaii Corporation’s payout ratio is 47.82%.

Bank of Hawaii Corporation declared that its Board of Directors has initiated a share buyback program on Monday, October 23rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the bank to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Several analysts have issued reports on the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $90.50 target price on shares of Bank of Hawaii Corporation in a research report on Tuesday, October 24th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $88.00 target price on shares of Bank of Hawaii Corporation in a research report on Tuesday, October 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $92.00 target price on shares of Bank of Hawaii Corporation in a research report on Wednesday, October 11th. Zacks Investment Research cut Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $77.00 target price (up previously from $75.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $87.92.

Bank of Hawaii Corporation Profile

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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

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