West Coast Financial LLC cut its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 9.6% during the first quarter, Holdings Channel reports. The firm owned 6,600 shares of the bank’s stock after selling 700 shares during the period. West Coast Financial LLC’s holdings in Bank of Hawaii were worth $544,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOH. M&T Bank Corp raised its position in shares of Bank of Hawaii by 0.3% in the third quarter. M&T Bank Corp now owns 5,387 shares of the bank’s stock valued at $391,000 after buying an additional 16 shares during the last quarter. Creative Planning raised its position in shares of Bank of Hawaii by 4.2% in the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock valued at $134,000 after buying an additional 65 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Bank of Hawaii by 0.4% in the third quarter. HighTower Advisors LLC now owns 30,047 shares of the bank’s stock valued at $2,181,000 after buying an additional 111 shares during the last quarter. Sei Investments Co. raised its position in shares of Bank of Hawaii by 1.2% in the third quarter. Sei Investments Co. now owns 10,403 shares of the bank’s stock valued at $756,000 after buying an additional 123 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Bank of Hawaii by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the bank’s stock valued at $889,000 after buying an additional 200 shares during the last quarter. Institutional investors own 78.03% of the company’s stock.

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

Shares of Bank of Hawaii Co. (NYSE:BOH) traded up 1.53% on Thursday, hitting $80.96. 173,486 shares of the stock traded hands. Bank of Hawaii Co. has a one year low of $64.96 and a one year high of $90.80. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 19.14 and a beta of 0.92. The company’s 50 day moving average is $81.87 and its 200 day moving average is $82.78.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, January 23rd. The bank reported $1.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.02. Bank of Hawaii had a return on equity of 15.71% and a net margin of 27.69%. The firm earned $153.60 million during the quarter, compared to analyst estimates of $154.17 million. During the same period in the previous year, the company earned $0.99 EPS. On average, equities analysts forecast that Bank of Hawaii Co. will post $4.29 EPS for the current year.

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Separately, Zacks Investment Research upgraded shares of Bank of Hawaii from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $74.43.

In related news, Director Michael J. Chun sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $85.07, for a total value of $102,084.00. Following the completion of the sale, the director now directly owns 24,046 shares in the company, valued at approximately $2,045,593.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mary E. Sellers sold 12,964 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $84.51, for a total value of $1,095,587.64. Following the completion of the sale, the insider now owns 62,485 shares of the company’s stock, valued at $5,280,607.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,995 shares of company stock valued at $9,074,658. Corporate insiders own 2.52% of the company’s stock.

Bank of Hawaii Company 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.

5 Day Chart for NYSE:BOH

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