Deutsche Bank AG Buys New Holdings in Bank of Hawaii Corporation $BOH

Deutsche Bank AG purchased a new stake in shares of Bank of Hawaii Corporation (NYSE:BOH) in the second quarter, HoldingsChannel.com reports. The firm purchased 62,721 shares of the bank’s stock, valued at approximately $5,111,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Bank of Hawaii by 16.4% in the first quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock valued at $1,808,000 after buying an additional 3,689 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Bank of Hawaii by 177.5% during the 1st quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock valued at $1,617,000 after acquiring an additional 15,234 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Bank of Hawaii by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock worth $1,605,000 after purchasing an additional 1,027 shares during the period. Intech Investment Management LLC increased its holdings in Bank of Hawaii by 35.8% in the 1st quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock valued at $1,366,000 after purchasing an additional 5,227 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Bank of Hawaii in the 1st quarter valued at $41,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bank of Hawaii

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

Bank of Hawaii Stock Down 0.7%

Shares of NYSE BOH opened at $76.94 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii Corporation has a 1 year low of $59.36 and a 1 year high of $86.31. The stock’s 50-day simple moving average is $80.90 and its 200-day simple moving average is $78.30. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.88 and a beta of 0.71.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.01. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%.The firm had revenue of $196.90 million during the quarter, compared to the consensus estimate of $199.51 million. During the same quarter in the prior year, the business posted $1.06 earnings per share. As a group, equities analysts anticipate that Bank of Hawaii Corporation will post 5.91 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, August 31st. Bank of Hawaii’s dividend payout ratio is 52.24%.

Analyst Ratings Changes

BOH has been the topic of a number of recent research reports. Stephens cut Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective on the stock. in a research note on Thursday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of Hawaii in a report on Friday, July 24th. DA Davidson boosted their price target on Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Barclays decreased their price target on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $85.00.

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.