Two Sigma Investments LP Trims Stake in Bank of Hawaii Co. (NYSE:BOH)

Two Sigma Investments LP reduced its stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,533 shares of the bank's stock after selling 36,310 shares during the quarter. Two Sigma Investments LP owned about 0.11% of Bank of Hawaii worth $3,244,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BOH. Perigon Wealth Management LLC lifted its holdings in Bank of Hawaii by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank's stock valued at $1,168,000 after buying an additional 154 shares during the period. Mariner LLC grew its position in shares of Bank of Hawaii by 1.7% during the 4th quarter. Mariner LLC now owns 9,076 shares of the bank's stock worth $647,000 after buying an additional 154 shares during the period. Cetera Investment Advisers increased its stake in shares of Bank of Hawaii by 3.7% in the 4th quarter. Cetera Investment Advisers now owns 4,457 shares of the bank's stock valued at $318,000 after acquiring an additional 158 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Bank of Hawaii by 5.9% during the 4th quarter. Bank of Montreal Can now owns 4,592 shares of the bank's stock valued at $327,000 after acquiring an additional 254 shares during the period. Finally, Summit Investment Advisors Inc. lifted its position in shares of Bank of Hawaii by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,089 shares of the bank's stock valued at $291,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 82.18% of the company's stock.

Bank of Hawaii Stock Up 0.6%

Shares of NYSE:BOH traded up $0.41 during midday trading on Tuesday, hitting $66.28. 18,039 shares of the company's stock were exchanged, compared to its average volume of 380,142. Bank of Hawaii Co. has a 12 month low of $54.98 and a 12 month high of $82.70. The company has a market cap of $2.63 billion, a PE ratio of 19.16 and a beta of 0.78. 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 stock has a 50 day moving average price of $66.35 and a 200-day moving average price of $70.34.

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, topping the consensus estimate of $0.89 by $0.08. The business had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. During the same quarter in the prior year, the company posted $0.87 earnings per share. On average, sell-side analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.70 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a yield of 4.22%. Bank of Hawaii's dividend payout ratio (DPR) is 78.65%.

Insiders Place Their Bets

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the firm'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 now directly owns 6,442 shares of the company's stock, valued at $426,138.30. This trade represents a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.07% of the company's stock.

Analyst Ratings Changes

Separately, Barclays increased their price objective on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $73.17.

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.