Envestnet Asset Management Inc. boosted its holdings in Bank of Hawaii Corporation (NYSE:BOH - Free Report) by 18.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,300 shares of the bank's stock after acquiring an additional 27,575 shares during the quarter. Envestnet Asset Management Inc. owned 0.45% of Bank of Hawaii worth $12,435,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Versant Capital Management Inc grew its stake in Bank of Hawaii by 80.2% in the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock valued at $27,000 after buying an additional 174 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Bank of Hawaii by 18,333.3% during the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank's stock worth $38,000 after acquiring an additional 550 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Bank of Hawaii by 110.5% during the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock worth $40,000 after acquiring an additional 305 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Bank of Hawaii during the 4th quarter worth $49,000. Finally, Headlands Technologies LLC lifted its holdings in shares of Bank of Hawaii by 285.8% during the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock worth $68,000 after acquiring an additional 703 shares during the last quarter. Institutional investors own 82.18% of the company's stock.
Wall Street Analyst Weigh In
Separately, Barclays lifted their price objective on shares of Bank of Hawaii from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $77.20.
Check Out Our Latest Analysis on Bank of Hawaii
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 dated Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the sale, the insider owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.07% of the company's stock.
Bank of Hawaii Trading Up 0.4%
BOH stock traded up $0.28 during midday trading on Tuesday, hitting $67.87. The company had a trading volume of 73,645 shares, compared to its average volume of 379,223. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.41. Bank of Hawaii Corporation has a 52 week low of $57.45 and a 52 week high of $82.70. The stock's 50 day moving average price is $67.88 and its 200 day moving average price is $68.65. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.09 and a beta of 0.77.
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, beating the consensus estimate of $0.89 by $0.08. Bank of Hawaii had a net margin of 15.12% and a return on equity of 12.16%. The company had revenue of $169.87 million for the quarter, compared to analysts' expectations of $168.65 million. During the same quarter in the previous year, the company earned $0.87 earnings per share. As a group, equities research analysts expect that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.
About Bank of Hawaii
(
Free Report)
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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