Segall Bryant & Hamill LLC Makes New $529,000 Investment in Bank of Hawaii Corporation $BOH

Segall Bryant & Hamill LLC bought a new position in Bank of Hawaii Corporation (NYSE:BOH) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,156 shares of the bank’s stock, valued at approximately $529,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marble Harbor Investment Counsel LLC grew its position in Bank of Hawaii by 14.3% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 112,199 shares of the bank’s stock worth $7,671,000 after purchasing an additional 14,075 shares during the period. Vanguard Group Inc. boosted its stake in shares of Bank of Hawaii by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock worth $312,139,000 after buying an additional 26,821 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Bank of Hawaii by 229.6% in the fourth quarter. AlphaQuest LLC now owns 20,293 shares of the bank’s stock worth $1,387,000 after acquiring an additional 14,136 shares during the period. Ruffer LLP bought a new stake in shares of Bank of Hawaii in the fourth quarter worth $3,107,000. Finally, Advisors Preferred LLC purchased a new stake in Bank of Hawaii during the fourth quarter valued at $1,356,000. Institutional investors own 82.18% of the company’s stock.

Insider Buying and Selling at Bank of Hawaii

In related news, insider Marco A. Abbruzzese sold 2,441 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total value of $199,161.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.97% of the company’s stock.

Wall Street Analysts Forecast Growth

BOH has been the topic of a number of recent research reports. Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Barclays cut their price target on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. Stephens lowered shares of Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price target for the company. in a research report on Thursday. Keefe, Bruyette & Woods lowered their price objective on shares of Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, DA Davidson raised their price objective on shares of Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Bank of Hawaii has a consensus rating of “Hold” and a consensus target price of $85.00.

Bank of Hawaii Stock Down 0.8%

BOH stock opened at $79.04 on Friday. Bank of Hawaii Corporation has a twelve month low of $59.36 and a twelve month high of $86.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The stock has a market cap of $3.12 billion, a P/E ratio of 14.75, a PEG ratio of 0.91 and a beta of 0.71. The business’s 50-day moving average price is $80.49 and its 200-day moving average price is $77.87.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.01. The company had revenue of $196.90 million during the quarter, compared to analyst estimates of $199.51 million. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same period in the prior year, the firm posted $1.06 EPS. On average, equities research analysts forecast that Bank of Hawaii Corporation will post 5.88 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.70 per share. The ex-dividend date is Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Bank of Hawaii’s payout ratio is 52.24%.

About Bank of Hawaii

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.