Nisa Investment Advisors LLC takes $839,000 position in Bank of Hawaii Co. (NYSE: BOH)


Nisa Investment Advisors LLC has acquired a new stake in Bank of Hawaii Co. (NYSE: BOHGet a rating) during the first trimester, HoldingsChannel.com reports. The fund bought 10,000 shares of the bank, valued at around $839,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BOH. Covestor Ltd acquired a new stake in Bank of Hawaii in the fourth quarter worth $34,000. CWM LLC acquired a new stake in Bank of Hawaii in the fourth quarter worth $37,000. Point72 Hong Kong Ltd acquired a new stake in Bank of Hawaii in the fourth quarter worth $46,000. GHP Investment Advisors Inc. acquired a new stake in Bank of Hawaii in the first quarter worth $89,000. Finally, Pinebridge Investments LP acquired a new stake in Bank of Hawaii in the fourth quarter valued at $117,000. 71.07% of the shares are currently held by institutional investors and hedge funds.

Insider buying and selling

In related news, CEO Peter S. Ho sold 5,500 shares of the company in a transaction dated Tuesday, May 10. The stock was sold at an average price of $74.51, for a total transaction of $409,805.00. As a result of the transaction, the CEO now owns 244,681 shares of the company, valued at $18,231,181.31. The transaction was disclosed in a document filed with the SEC, accessible via this link. Company insiders hold 2.06% of the company’s shares.

Analysts set new price targets

BOH has been the subject of a number of analyst reports. StockNews.com upgraded the Bank of Hawaii from a “hold” rating to a “sell” rating in a Monday, May 23 research note. Jefferies Financial Group lowered its price target on Bank of Hawaii from $87.00 to $79.00 in a Monday, July 11 report.

Bank of Hawaii stock performance

Shares of BOH Stock opened at $76.95 on Friday. The stock’s 50-day moving average is $75.88 and its two-hundred-day moving average is $80.89. The company has a market capitalization of $3.10 billion, a price/earnings ratio of 12.68, a PEG ratio of 1.75 and a beta of 1.13. Bank of Hawaii Co. has a 1-year low of $70.89 and a 1-year high of $92.38.

Bank of Hawaii (NYSE: BOHGet a rating) last released its quarterly earnings data on Monday, April 25. The bank reported earnings per share (EPS) of $1.32 for the quarter, beating the consensus estimate of $1.22 by $0.10. The company posted revenue of $168.81 million for the quarter, versus analyst estimates of $169.30 million. Bank of Hawaii had a return on equity of 17.99% and a net margin of 35.44%. In the same quarter last year, the company posted earnings per share of $1.50. As a group, research analysts predict Bank of Hawaii Co. will post EPS of 5.49 for the current year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 14. Investors of record on Tuesday, May 31 received a dividend of $0.70 per share. This represents a dividend of $2.80 on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Friday, May 27. Bank of Hawaii’s dividend payout ratio is currently 46.13%.

Bank of Hawaii Profile

(Get a rating)

Bank of Hawaii Corporation operates as a bank holding company for Bank of Hawaii which provides various financial products and services in Hawaii, Guam and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Others. The Consumer Banking segment offers checking, savings and term deposit accounts; residential mortgages, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; banking, investment, credit and trust services to private and international clients to individuals and families, and high net worth individuals; investment management; institutional investment advisory services to corporations, government entities and foundations; and brokerage offerings, including stocks, mutual funds, life insurance and annuity products.

See also

Want to see which other hedge funds hold BOH? Visit HoldingsChannel.com to get the latest 13F deposits and insider trades for Bank of Hawaii Co. (NYSE: BOHGet a rating).

Institutional ownership by quarter for Bank of Hawaii (NYSE:BOH)



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