SG Americas Securities LLC increased its stake in the shares of Bank of Hawaii Co. (NYSE: BOH – Get a rating) by 365.9% during the first quarter, Holdings Channel.com reports. The company held 16,107 shares of the bank after acquiring an additional 12,650 shares during the quarter. SG Americas Securities LLC’s holdings in Bank of Hawaii were worth $1,352,000 at the end of the last quarter.

Other hedge funds have also recently changed their holdings in the company. Covestor Ltd acquired a new position in shares of Bank of Hawaii during the fourth quarter worth $34,000. CWM LLC acquired a new position in Bank of Hawaii in the fourth quarter worth $37,000. Point72 Hong Kong Ltd acquired a new position in Bank of Hawaii in the fourth quarter worth $46,000. GHP Investment Advisors Inc. acquired a new position in Bank of Hawaii in the first quarter worth $89,000. Finally, Pinebridge Investments LP acquired a new position in Bank of Hawaii in the fourth quarter worth $117,000. Institutional investors and hedge funds own 71.07% of the company’s shares.

Bank of Hawaii Price Performance

BOH Stock opened at $79.40 on Friday. The company’s fifty-day simple moving average is $76.03 and its 200-day simple moving average is $80.72. Bank of Hawaii Co. has a 12-month low of $70.89 and a 12-month high of $92.38. The company has a market capitalization of $3.20 billion, a price-earnings ratio of 13.76, a PEG ratio of 1.77 and a beta of 1.13. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt ratio of 0.01.

Bank of Hawaii (NYSE: BOH – Get a rating) last reported quarterly earnings data on Monday, July 25. The bank reported earnings per share of $1.38 for the quarter, beating the consensus estimate of $1.35 by $0.03. Bank of Hawaii had a net margin of 33.63% and a return on equity of 17.98%. In the same quarter last year, the company achieved EPS of $1.68. On average, analysts expect Bank of Hawaii Co. to post earnings per share of 5.56 for the current year.

Bank of Hawaii announces dividend

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 per share. The ex-date of this dividend is Tuesday, August 30. This represents an annualized dividend of $2.80 and a dividend yield of 3.53%. Bank of Hawaii’s dividend payout ratio is currently 48.53%.

Changes to analyst ratings

Several stock analysts have recently released reports on the stock. Jefferies Financial Group lowered its price target on Bank of Hawaii shares from $87.00 to $79.00 in a Monday, July 11 report. StockNews.com downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report released Monday, May 23.

Insider activity

In other news, CEO Peter S. Ho sold 5,500 shares of the company in a trade dated Tuesday, May 10. The shares were sold at an average price of $74.51, for a total transaction of $409,805.00. Following the completion of the sale, the CEO now directly owns 244,681 shares of the company, valued at $18,231,181.31. The transaction was disclosed in a legal filing with the SEC, available at this hyperlink. Insiders of the company own 2.06% of the shares of the company.

About Bank of Hawaii

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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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