Teacher Retirement System of Texas increased its stake in shares of Bank of Hawaii Co. (NYSE: BOH – Get a rating) by 7.5% during the 1st quarter, according to its last filing with the SEC. The company held 8,291 shares of the bank after purchasing an additional 577 shares during the period. The Teacher Retirement System of Texas holdings in Bank of Hawaii were worth $696,000 at the end of the last quarter.

Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. American Century Companies Inc. increased its position in Bank of Hawaii by 34.6% during the fourth quarter. American Century Companies Inc. now owns 115,892 shares of the bank worth $9,707,000 after purchasing an additional 29,804 shares during the period. Charles Schwab Investment Management Inc. increased its position in Bank of Hawaii shares by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,276 shares of the bank valued at $59,912,000 after acquiring an additional 29,924 shares during the period. Bank of America Corp DE increased its position in Bank of Hawaii shares by 2.4% during the 4th quarter. Bank of America Corp DE now owns 222,290 shares of the bank valued at $18,620,000 after acquiring an additional 5,214 shares during the period. ETF Managers Group LLC increased its position in Bank of Hawaii shares by 5.0% during the 4th quarter. ETF Managers Group LLC now owns 7,718 shares of the bank valued at $647,000 after acquiring 366 additional shares during the period. Finally, Everett Harris & Co. CA acquired during the 1st quarter a new equity stake in Bank of Hawaii valued at approximately $2,099,000. 71.07% of the shares are held by institutional investors and hedge funds.

Bank of Hawaii down 0.7%

BOH Stock opened at $83.82 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt ratio of 0.01. Bank of Hawaii Co. has a 12-month low of $70.89 and a 12-month high of $92.38. The stock has a market capitalization of $3.37 billion, a price/earnings ratio of 14.53, a PEG ratio of 1.87 and a beta of 1.12. The company’s 50-day moving average is $77.33 and its 200-day moving average is $79.83.

Bank of Hawaii (NYSE: BOH – Get a rating) last released its quarterly earnings data on Monday, July 25. The bank reported earnings per share (EPS) of $1.38 for the quarter, beating the consensus estimate of $1.35 by $0.03. Bank of Hawaii had a return on equity of 17.98% and a net margin of 33.63%. During the same period a year earlier, the company posted EPS of $1.68. On average, sell-side analysts expect Bank of Hawaii Co. to post 5.64 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Wednesday, August 31 will receive a dividend of $0.70. This represents a dividend of $2.80 on an annualized basis and a yield of 3.34%. The ex-dividend date is Tuesday, August 30. Bank of Hawaii’s dividend payout ratio (DPR) is 48.53%.

Insiders place their bets

In other Bank of Hawaii news, CEO Peter S.Ho sold 5,500 shares of the company in a trade that took place on Wednesday, August 10. The shares were sold at an average price of $81.67, for a total value of $449,185.00. As a result of the transaction, the CEO now directly owns 239,181 shares of the company, valued at approximately $19,533,912.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at the SEC website. Company insiders hold 2.06% of the company’s shares.

A Wall Street analyst gives his opinion

A number of research companies have recently commented on BOH. Jefferies Financial Group lowered its target price on Bank of Hawaii from $87.00 to $79.00 in a Monday, July 11 research report. StockNews.com upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Friday.

Bank of Hawaii Corporate Profile

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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.

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