Bank of Hawaii Corporation (NYSE:BOH) Shares Acquired by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its ownership in Bank of Hawaii Corporation by 13.0%, acquiring an additional 37,413 shares during the first quarter to hold 325,174 shares valued at approximately $22.4 million.
• Bank of Hawaii's stock is currently down 1.0%, trading at $61.28, with a market capitalization of $2.44 billion and recent earnings showing a EPS of $1.06 which exceeds estimates.
• The company announced a quarterly dividend of $0.70, representing an annual yield of 4.6%, with a payout ratio of 73.49%.

Natixis Advisors LLC boosted its position in Bank of Hawaii Corporation (NYSE:BOH - Free Report) by 13.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,174 shares of the bank's stock after purchasing an additional 37,413 shares during the period. Natixis Advisors LLC owned about 0.82% of Bank of Hawaii worth $22,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Bank of Hawaii by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank's stock valued at $329,001,000 after acquiring an additional 31,918 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bank of Hawaii by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 840,574 shares of the bank's stock valued at $59,884,000 after acquiring an additional 42,719 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Bank of Hawaii during the 4th quarter valued at $54,309,000. Ameriprise Financial Inc. lifted its holdings in shares of Bank of Hawaii by 558.1% during the 4th quarter. Ameriprise Financial Inc. now owns 646,890 shares of the bank's stock valued at $46,084,000 after acquiring an additional 548,599 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Bank of Hawaii by 9.5% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 563,259 shares of the bank's stock valued at $40,127,000 after acquiring an additional 48,999 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays lifted their target price on shares of Bank of Hawaii from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, July 8th. Stephens cut their price objective on shares of Bank of Hawaii from $78.00 to $76.00 and set an "overweight" rating on the stock in a report on Tuesday, July 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $74.40.

Bank of Hawaii Stock Up 0.3%

BOH stock traded up $0.19 during trading on Tuesday, reaching $62.75. The stock had a trading volume of 91,421 shares, compared to its average volume of 429,559. Bank of Hawaii Corporation has a 1-year low of $57.44 and a 1-year high of $82.70. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $2.50 billion, a P/E ratio of 16.47, a PEG ratio of 0.80 and a beta of 0.80. The firm has a fifty day moving average price of $66.86 and a 200 day moving average price of $68.21.

Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its earnings results on Monday, July 28th. The bank reported $1.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.02. The business had revenue of $174.48 million for the quarter, compared to analyst estimates of $177.82 million. Bank of Hawaii had a net margin of 16.30% and a return on equity of 12.67%. During the same quarter in the prior year, the business posted $0.81 EPS. On average, equities analysts anticipate that Bank of Hawaii Corporation will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, August 29th. Bank of Hawaii's dividend payout ratio is 73.49%.

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.