UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 154,107 Shares of Bank of Hawaii Co. (NYSE:BOH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 168.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,495 shares of the bank's stock after buying an additional 154,107 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.62% of Bank of Hawaii worth $17,489,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Perigon Wealth Management LLC increased its holdings in Bank of Hawaii by 0.9% in the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank's stock valued at $1,168,000 after buying an additional 154 shares during the period. Mariner LLC grew its holdings in shares of Bank of Hawaii by 1.7% during the 4th quarter. Mariner LLC now owns 9,076 shares of the bank's stock valued at $647,000 after purchasing an additional 154 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Bank of Hawaii by 3.7% during the 4th quarter. Cetera Investment Advisers now owns 4,457 shares of the bank's stock valued at $318,000 after purchasing an additional 158 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Bank of Hawaii by 5.9% during the 4th quarter. Bank of Montreal Can now owns 4,592 shares of the bank's stock valued at $327,000 after purchasing an additional 254 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Bank of Hawaii by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,089 shares of the bank's stock valued at $291,000 after purchasing an additional 260 shares during the last quarter. 82.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the company's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total transaction of $109,279.80. Following the transaction, the insider now owns 6,442 shares in the company, valued at approximately $426,138.30. This represents a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.07% of the company's stock.

Bank of Hawaii Price Performance

Shares of Bank of Hawaii stock traded down $0.93 during midday trading on Friday, hitting $66.52. 261,057 shares of the company traded hands, compared to its average volume of 380,916. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 19.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The firm's fifty day moving average price is $66.44 and its 200-day moving average price is $70.52. Bank of Hawaii Co. has a 12 month low of $54.98 and a 12 month high of $82.70.

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

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 annualized dividend and a yield of 4.21%. Bank of Hawaii's payout ratio is 78.65%.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price target on shares of Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.