Bank of Hawaii Co. (NYSE:BOH) Holdings Decreased by Congress Asset Management Co.

Congress Asset Management Co. trimmed its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 5.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,080 shares of the bank's stock after selling 7,420 shares during the quarter. Congress Asset Management Co. owned approximately 0.30% of Bank of Hawaii worth $8,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc boosted its position in Bank of Hawaii by 80.2% during the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock valued at $27,000 after purchasing an additional 174 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Bank of Hawaii during the 4th quarter valued at approximately $49,000. SBI Securities Co. Ltd. acquired a new position in Bank of Hawaii during the 4th quarter valued at approximately $50,000. Headlands Technologies LLC boosted its position in Bank of Hawaii by 285.8% during the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock valued at $68,000 after purchasing an additional 703 shares during the period. Finally, CoreFirst Bank & Trust acquired a new position in Bank of Hawaii during the 4th quarter valued at approximately $70,000. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Trading Up 1.5%

Shares of BOH stock opened at $66.91 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. Bank of Hawaii Co. has a 1 year low of $54.98 and a 1 year high of $82.70. The stock has a fifty day moving average of $66.14 and a two-hundred day moving average of $70.09. The firm has a market capitalization of $2.66 billion, a PE ratio of 19.34 and a beta of 0.78.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. The company had revenue of $169.87 million during the quarter, compared to analyst estimates of $168.65 million. During the same quarter in the previous year, the firm posted $0.87 EPS. As a group, research analysts expect that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 dividend on an annualized basis and a yield of 4.18%. Bank of Hawaii's dividend payout ratio (DPR) is presently 78.65%.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the business's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $66.15, for a total transaction of $109,279.80. Following the completion of the transaction, the insider now owns 6,442 shares in the company, valued at approximately $426,138.30. The trade was a 20.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.07% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price objective on Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Bank of Hawaii presently has an average rating of "Hold" and a consensus target price of $73.17.

About Bank of Hawaii

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, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.

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