Envestnet Asset Management Inc. Raises Holdings in Bank of Hawaii Corporation (NYSE:BOH)

Envestnet Asset Management Inc. boosted its holdings in shares of Bank of Hawaii Corporation (NYSE:BOH - Free Report) by 18.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,300 shares of the bank's stock after purchasing an additional 27,575 shares during the quarter. Envestnet Asset Management Inc. owned about 0.45% of Bank of Hawaii worth $12,435,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BOH. Versant Capital Management Inc increased 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 worth $27,000 after acquiring an additional 174 shares during the last quarter. Private Trust Co. NA increased its stake in Bank of Hawaii by 18,333.3% in 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 boosted its holdings in shares of Bank of Hawaii by 110.5% in the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock worth $40,000 after purchasing an additional 305 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Bank of Hawaii in the 4th quarter worth approximately $49,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Bank of Hawaii by 285.8% in the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock worth $68,000 after purchasing an additional 703 shares during the period. Institutional investors own 82.18% of the company's stock.

Bank of Hawaii Trading Up 0.2%

Shares of Bank of Hawaii stock traded up $0.15 on Wednesday, reaching $67.43. The company had a trading volume of 297,988 shares, compared to its average volume of 379,248. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.09 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.71 and a quick ratio of 0.71. The firm's 50-day moving average price is $67.76 and its two-hundred day moving average price is $68.61. Bank of Hawaii Corporation has a 1 year low of $57.45 and a 1 year high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.08. Bank of Hawaii had a return on equity of 12.16% and a net margin of 15.12%. The company had revenue of $169.87 million during the quarter, compared to analysts' expectations of $168.65 million. During the same quarter in the previous year, the business earned $0.87 EPS. As a group, research analysts predict that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Bank of Hawaii

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 stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the completion of the sale, the insider directly owned 6,442 shares in the company, valued at approximately $426,138.30. This represents a 20.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.07% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their target price on Bank of Hawaii from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $77.20.

Bank of Hawaii Profile

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.