Toronto Dominion Bank lessened its stake in Bank of Hawaii Co. (NYSE:BOH) by 42.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 723 shares of the bank’s stock after selling 526 shares during the period. Toronto Dominion Bank’s holdings in Bank of Hawaii were worth $65,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Bank of Hawaii by 4.1% in the fourth quarter. BlackRock Inc. now owns 4,216,350 shares of the bank’s stock valued at $323,058,000 after buying an additional 165,430 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Bank of Hawaii by 2.9% in the first quarter. Victory Capital Management Inc. now owns 1,214,797 shares of the bank’s stock valued at $108,712,000 after buying an additional 34,219 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Bank of Hawaii by 19.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 828,347 shares of the bank’s stock valued at $63,468,000 after buying an additional 137,208 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Bank of Hawaii by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 617,043 shares of the bank’s stock valued at $47,278,000 after buying an additional 16,826 shares during the period. Finally, Anchor Capital Advisors LLC bought a new stake in shares of Bank of Hawaii in the fourth quarter valued at about $42,814,000. Institutional investors and hedge funds own 74.33% of the company’s stock.
Shares of BOH opened at $84.39 on Friday. The company has a market capitalization of $3.41 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Bank of Hawaii Co. has a 12 month low of $48.77 and a 12 month high of $99.10. The business’s 50-day simple moving average is $90.44.
Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Sunday, April 25th. The bank reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.35. The company had revenue of $163.54 million during the quarter, compared to analyst estimates of $164.52 million. Bank of Hawaii had a net margin of 25.16% and a return on equity of 13.14%. During the same quarter last year, the business posted $0.87 earnings per share. Research analysts predict that Bank of Hawaii Co. will post 5.5 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 14th. Stockholders of record on Friday, May 28th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, May 27th. Bank of Hawaii’s payout ratio is 69.43%.
In related news, CFO Dean Y. Shigemura sold 5,833 shares of the firm’s stock in a transaction that occurred on Monday, June 14th. The shares were sold at an average price of $89.25, for a total value of $520,595.25. Following the completion of the sale, the chief financial officer now owns 67,973 shares of the company’s stock, valued at $6,066,590.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mary E. Sellers sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $88.71, for a total transaction of $443,550.00. Following the completion of the sale, the insider now directly owns 100,972 shares of the company’s stock, valued at approximately $8,957,226.12. The disclosure for this sale can be found here. Company insiders own 2.02% of the company’s stock.
Separately, Zacks Investment Research cut shares of Bank of Hawaii from a “buy” rating to a “hold” rating and set a $94.00 price target for the company. in a research note on Wednesday, June 9th.
Bank of Hawaii Profile
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that 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 Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, and trust services to individuals and families, and high-net-worth individuals; investment management and institutional investment advisory services to corporations, government entities, and foundations; and brokerage offering equities, mutual funds, life insurance, and annuity products.
See Also: How does quantitative easing work?
Want to see what other hedge funds are holding BOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Hawaii Co. (NYSE:BOH).