Teacher Retirement System of Texas Makes New Investment in Bank of Hawaii Corporation (NYSE:BOH)

Teacher Retirement System of Texas purchased a new stake in Bank of Hawaii Corporation (NYSE:BOH - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,653 shares of the bank's stock, valued at approximately $459,000.

A number of other institutional investors have also recently made changes to their positions in BOH. Versant Capital Management Inc increased its position in shares of Bank of Hawaii by 80.2% during the first 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 period. Private Trust Co. NA grew its holdings in Bank of Hawaii by 18,333.3% in the first quarter. Private Trust Co. NA now owns 553 shares of the bank's stock worth $38,000 after purchasing an additional 550 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Bank of Hawaii by 110.5% in the first 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 last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Bank of Hawaii during the fourth quarter valued at $49,000. Finally, Headlands Technologies LLC grew its holdings in shares of Bank of Hawaii by 285.8% during the fourth quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock valued at $68,000 after buying 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 boosted their target price on shares of Bank of Hawaii from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. Two 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $77.20.

Insider Activity

In related news, insider Taryn L. Salmon sold 1,652 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total transaction of $109,279.80. Following the completion of the sale, the insider directly owned 6,442 shares of the company's stock, valued at approximately $426,138.30. This trade represents a 20.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.07% of the stock is owned by insiders.

Bank of Hawaii Stock Down 0.8%

Shares of NYSE BOH traded down $0.56 during mid-day trading on Friday, reaching $67.54. The company had a trading volume of 284,312 shares, compared to its average volume of 381,054. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $67.90 and a two-hundred day simple moving average of $68.70. The stock has a market cap of $2.68 billion, a P/E ratio of 18.97, a PEG ratio of 1.08 and a beta of 0.77. Bank of Hawaii Corporation has a 52-week low of $57.45 and a 52-week high of $82.70.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. The company had revenue of $169.87 million during the quarter, compared to analysts' expectations of $168.65 million. Bank of Hawaii had a net margin of 15.12% and a return on equity of 12.16%. During the same quarter in the previous year, the business posted $0.87 earnings per share. Sell-side analysts predict that Bank of Hawaii Corporation will post 3.97 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Friday, May 30th. Bank of Hawaii's payout ratio is currently 78.65%.

Bank of Hawaii Company 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.