Deutsche Bank AG Makes New Investment in Bank of Hawaii Corporation $BOH

Key Points

• Deutsche Bank acquired 62,721 Bank of Hawaii shares in the second quarter, valued at approximately $5.1 million, while institutional investors collectively own 82.18% of the stock.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $85.00; Stephens and Barclays recently downgraded or lowered their targets.
• Bank of Hawaii reported quarterly EPS of $1.47, slightly above expectations, and declared a quarterly dividend of $0.70 per share, representing a 3.6% annualized yield.

Deutsche Bank AG acquired a new position in shares of Bank of Hawaii Corporation (NYSE:BOH - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 62,721 shares of the bank's stock, valued at approximately $5,111,000. Deutsche Bank AG owned 0.16% of Bank of Hawaii at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BOH. Danske Bank A S purchased a new position in shares of Bank of Hawaii in the 4th quarter valued at about $27,000. Western Wealth Management LLC acquired a new stake in Bank of Hawaii in the first quarter valued at approximately $33,000. SHP Wealth Management purchased a new position in Bank of Hawaii in the fourth quarter worth approximately $34,000. Global Retirement Partners LLC purchased a new position in Bank of Hawaii in the second quarter worth approximately $34,000. Finally, Quarry LP grew its holdings in Bank of Hawaii by 1,497.2% during the 3rd quarter. Quarry LP now owns 575 shares of the bank's stock worth $38,000 after acquiring an additional 539 shares in the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Marco A. Abbruzzese sold 2,441 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total transaction of $199,161.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.97% of the company's stock.

Analysts Set New Price Targets

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

Bank of Hawaii Stock Performance

NYSE BOH opened at $76.94 on Tuesday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.88 and a beta of 0.71. The business's 50 day moving average is $80.90 and its two-hundred day moving average is $78.30. Bank of Hawaii Corporation has a 12-month low of $59.36 and a 12-month high of $86.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33.

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

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. Bank of Hawaii's dividend payout ratio is presently 52.24%.

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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