Jefferies Financial Group Inc. Lowers Stock Holdings in Bank of Hawaii Co. (NYSE:BOH)

Jefferies Financial Group Inc. cut its position in shares of Bank of Hawaii Co. (NYSE:BOH - Free Report) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,412 shares of the bank's stock after selling 14,646 shares during the quarter. Jefferies Financial Group Inc. owned approximately 0.09% of Bank of Hawaii worth $2,594,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Bank of Hawaii in the 4th quarter valued at about $49,000. SBI Securities Co. Ltd. purchased a new position in shares of Bank of Hawaii in the fourth quarter worth $50,000. Headlands Technologies LLC increased its holdings in Bank of Hawaii by 285.8% during the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock valued at $68,000 after purchasing an additional 703 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of Bank of Hawaii during the fourth quarter valued at approximately $70,000. Finally, Smartleaf Asset Management LLC increased its position in Bank of Hawaii by 204.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,543 shares of the bank's stock valued at $110,000 after purchasing an additional 1,037 shares during the period. Hedge funds and other institutional investors own 82.18% of the company's stock.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Taryn L. Salmon sold 1,652 shares of Bank of Hawaii stock in a transaction on Thursday, April 24th. The stock was 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 $426,138.30. The trade was a 20.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.07% of the stock is currently owned by corporate insiders.

Bank of Hawaii Trading Down 1.4%

BOH stock traded down $0.93 during mid-day trading on Friday, reaching $66.52. The company had a trading volume of 261,057 shares, compared to its average volume of 381,449. Bank of Hawaii Co. has a 12 month low of $54.98 and a 12 month high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a 50 day moving average of $66.44 and a 200 day moving average of $70.43. The company has a market capitalization of $2.64 billion, a PE ratio of 19.23 and a beta of 0.76.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $169.87 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.87 earnings per share. On average, equities analysts predict that Bank of Hawaii Co. will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their target price 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.