Bank of Hawaii Co. (BOH) Shares Sold by BTIM Corp.
BTIM Corp. decreased its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 26.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 652,522 shares of the company’s stock after selling 238,380 shares during the period. BTIM Corp.’s holdings in Bank of Hawaii were worth $41,044,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Simplex Trading bought a new stake in Bank of Hawaii during the fourth quarter worth about $0. BB&T Securities boosted its stake in Bank of Hawaii by 30.5% in the fourth quarter. BB&T Securities now owns 13,392 shares of the company’s stock worth $842,000 after buying an additional 3,130 shares during the last quarter. Janus Capital Management bought a new stake in Bank of Hawaii during the third quarter worth about $2,451,000. Finally, First American Bank boosted its stake in Bank of Hawaii by 3.1% in the fourth quarter. First American Bank now owns 47,232 shares of the company’s stock worth $2,970,000 after buying an additional 1,420 shares during the last quarter.
Bank of Hawaii Co. (NYSE:BOH) opened at 55.62 on Tuesday. The stock’s 50 day moving average price is $61.27 and its 200-day moving average price is $64.48. Bank of Hawaii Co. has a one year low of $55.10 and a one year high of $70.07. The firm has a market capitalization of $2.41 billion and a price-to-earnings ratio of 15.24.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 25th. The company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. During the same period in the prior year, the company earned $0.94 earnings per share. On average, equities research analysts anticipate that Bank of Hawaii Co. will post $3.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 14th. Stockholders of record on Monday, February 29th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.24%.
A number of equities research analysts have issued reports on BOH shares. Zacks Investment Research cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Wednesday, September 30th. Jefferies Group cut their target price on Bank of Hawaii from $63.00 to $61.00 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. Barclays reiterated a “hold” rating and issued a $66.00 target price (down from $69.00) on shares of Bank of Hawaii in a research note on Friday, October 9th. Morgan Stanley raised their target price on Bank of Hawaii from $61.00 to $62.00 in a research note on Thursday, October 29th. Finally, Sandler O’Neill cut their target price on Bank of Hawaii from $69.00 to $68.00 and set a “hold” rating on the stock in a research note on Tuesday, October 27th. Seven equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $64.83.
In other news, insider Mary E. Sellers sold 20,007 shares of the business’s stock in a transaction that occurred on Thursday, December 10th. The stock was sold at an average price of $63.21, for a total transaction of $1,264,642.47. Following the sale, the insider now directly owns 69,366 shares in the company, valued at $4,384,624.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Wayne Y. Hamano sold 4,214 shares of the business’s stock in a transaction that occurred on Wednesday, December 9th. The shares were sold at an average price of $63.21, for a total value of $266,366.94. Following the sale, the insider now owns 27,401 shares in the company, valued at $1,732,017.21. The disclosure for this sale can be found here.
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (NYSE:BOH). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other. Its Retail Banking segment offers a range of financial products and services to consumers and small businesses. Its Commercial Banking segment offers products, including corporate banking, commercial real estate loans, commercial lease financing, auto dealer financing and deposit products. Its Investment Services segment offers private banking, trust services, investment management and institutional investment advisory services. The Company’s Treasury and Other segment consists of corporate asset and liability management activities, including interest rate risk management and a foreign currency exchange business.
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