Bank of New York Mellon Corp Invests $37.86 Million in Bank of Hawaii Corporation $BOH

Bank of New York Mellon Corp purchased a new position in shares of Bank of Hawaii Corporation (NYSE:BOH - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 464,646 shares of the bank's stock, valued at approximately $37,864,000. Bank of New York Mellon Corp owned about 1.18% of Bank of Hawaii at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BOH. Marble Harbor Investment Counsel LLC grew its stake in Bank of Hawaii by 14.3% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 112,199 shares of the bank's stock worth $7,671,000 after buying an additional 14,075 shares during the last quarter. Vanguard Group Inc. lifted its stake in Bank of Hawaii by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank's stock valued at $312,139,000 after buying an additional 26,821 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Bank of Hawaii by 229.6% during the fourth quarter. AlphaQuest LLC now owns 20,293 shares of the bank's stock valued at $1,387,000 after acquiring an additional 14,136 shares during the period. California State Teachers Retirement System grew its position in shares of Bank of Hawaii by 37.3% during the first quarter. California State Teachers Retirement System now owns 51,059 shares of the bank's stock worth $3,791,000 after acquiring an additional 13,864 shares during the last quarter. Finally, Advisors Preferred LLC bought a new position in shares of Bank of Hawaii during the fourth quarter worth about $1,356,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Marco A. Abbruzzese sold 2,441 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total transaction of $199,161.19. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.97% of the stock is owned by company insiders.

Bank of Hawaii Stock Up 0.2%

BOH stock opened at $77.42 on Friday. The firm has a market cap of $3.05 billion, a PE ratio of 14.44, a P/E/G ratio of 0.88 and a beta of 0.71. Bank of Hawaii Corporation has a 12 month low of $59.36 and a 12 month high of $86.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $80.82 and a 200 day simple moving average of $78.28.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The bank reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.01. The company had revenue of $196.90 million during the quarter, compared to the consensus estimate of $199.51 million. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%.During the same quarter in the prior year, the firm earned $1.06 EPS. Equities research analysts forecast that Bank of Hawaii Corporation will post 5.91 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.70 dividend. The ex-dividend date is Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Bank of Hawaii's dividend payout ratio (DPR) is 52.24%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BOH shares. DA Davidson boosted their target price on shares of Bank of Hawaii from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. Weiss Ratings restated a "buy (b)" rating on shares of Bank of Hawaii in a research note on Friday, July 24th. Barclays cut their price target on Bank of Hawaii from $88.00 to $85.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 28th. Benchmark reiterated a "hold" rating on shares of Bank of Hawaii in a research report on Tuesday, July 28th. Finally, Stephens lowered Bank of Hawaii from an "overweight" rating to an "equal weight" rating and set a $85.00 price objective for the company. in a report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Bank of Hawaii presently has an average rating of "Hold" and an average target price of $85.00.

Bank of Hawaii Profile

Bank of Hawaii NYSE: BOH is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.

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