Commonwealth Bank of Australia purchased a new position in shares of Bank of Hawaii Co. (NYSE:BOH) during the third quarter, HoldingsChannel reports. The fund purchased 3,100 shares of the bank’s stock, valued at approximately $244,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Associated Banc Corp acquired a new stake in Bank of Hawaii during the third quarter worth about $224,000. Columbia Asset Management acquired a new stake in Bank of Hawaii during the third quarter worth about $118,000. SG Americas Securities LLC increased its position in Bank of Hawaii by 97.4% during the third quarter. SG Americas Securities LLC now owns 40,924 shares of the bank’s stock worth $3,229,000 after purchasing an additional 20,188 shares during the last quarter. ING Groep NV acquired a new stake in Bank of Hawaii during the third quarter worth about $507,000. Finally, Stone Ridge Asset Management LLC increased its position in Bank of Hawaii by 13.6% during the third quarter. Stone Ridge Asset Management LLC now owns 8,363 shares of the bank’s stock worth $660,000 after purchasing an additional 1,000 shares during the last quarter. 77.35% of the stock is currently owned by hedge funds and other institutional investors.
In other Bank of Hawaii news, Director Barbara J. Tanabe sold 500 shares of Bank of Hawaii stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $80.00, for a total transaction of $40,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.04% of the stock is owned by company insiders.
Shares of BOH opened at $79.75 on Friday. Bank of Hawaii Co. has a 1-year low of $72.85 and a 1-year high of $89.09. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.99 and a beta of 0.59. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.15.
Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, October 22nd. The bank reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. Bank of Hawaii had a net margin of 29.49% and a return on equity of 17.07%. The business had revenue of $164.41 million during the quarter, compared to analysts’ expectations of $165.69 million. During the same period last year, the business earned $1.08 earnings per share. As a group, equities research analysts predict that Bank of Hawaii Co. will post 5.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, November 29th. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.11%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 56.24%.
Bank of Hawaii Profile
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
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