Bank of Hawaii Corporation (NYSE:BOH) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,269 shares of the bank’s stock after purchasing an additional 6,275 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.49% of Bank of Hawaii Corporation worth $17,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new position in Bank of Hawaii Corporation during the 2nd quarter worth $17,903,000. Shelton Capital Management bought a new position in Bank of Hawaii Corporation during the 2nd quarter worth $269,000. Flinton Capital Management LLC increased its stake in Bank of Hawaii Corporation by 34.5% during the 2nd quarter. Flinton Capital Management LLC now owns 5,460 shares of the bank’s stock worth $453,000 after acquiring an additional 1,400 shares during the period. Balyasny Asset Management LLC increased its stake in Bank of Hawaii Corporation by 310.2% during the 2nd quarter. Balyasny Asset Management LLC now owns 322,774 shares of the bank’s stock worth $26,781,000 after acquiring an additional 244,085 shares during the period. Finally, Stifel Financial Corp increased its stake in Bank of Hawaii Corporation by 8.3% during the 2nd quarter. Stifel Financial Corp now owns 29,272 shares of the bank’s stock worth $2,422,000 after acquiring an additional 2,231 shares during the period. 75.72% of the stock is owned by institutional investors and hedge funds.

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In related news, insider Donna A. Tanoue sold 4,050 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $76.15, for a total value of $308,407.50. Following the sale, the insider now owns 9,969 shares in the company, valued at $759,139.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donna A. Tanoue sold 1,185 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $76.86, for a total value of $91,079.10. Following the completion of the sale, the insider now owns 15,204 shares in the company, valued at approximately $1,168,579.44. The disclosure for this sale can be found here. Insiders sold 11,235 shares of company stock worth $860,767 in the last quarter. 2.16% of the stock is currently owned by company insiders.

A number of equities analysts have commented on the company. BidaskClub lowered Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Keefe, Bruyette & Woods restated a “hold” rating and set a $88.00 price objective on shares of Bank of Hawaii Corporation in a research note on Tuesday. Jefferies Group LLC restated a “hold” rating and set a $85.00 price objective on shares of Bank of Hawaii Corporation in a research note on Friday, July 14th. Zacks Investment Research lowered Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Barclays PLC restated an “equal weight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $87.92.

Shares of Bank of Hawaii Corporation (BOH) traded down 0.59% during trading on Friday, hitting $82.49. The stock had a trading volume of 12,878 shares. Bank of Hawaii Corporation has a 1-year low of $72.97 and a 1-year high of $90.80. The company has a market cap of $3.52 billion, a PE ratio of 19.28 and a beta of 0.99. The firm’s 50 day moving average is $81.75 and its 200 day moving average is $81.22.

Bank of Hawaii Corporation (NYSE:BOH) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.08. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.27%. The company had revenue of $158.73 million for the quarter, compared to the consensus estimate of $163.29 million. During the same quarter last year, the business posted $1.02 earnings per share. Equities research analysts anticipate that Bank of Hawaii Corporation will post $4.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.51%. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is presently 47.82%.

Bank of Hawaii Corporation declared that its board has approved a share buyback plan on Monday, October 23rd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the bank to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Bank of Hawaii Corporation Company Profile

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

Institutional Ownership by Quarter for Bank of Hawaii Corporation (NYSE:BOH)

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