Nationwide Fund Advisors Has $11.41 Million Stake in Bank of Hawaii Corporation (BOH)

Nationwide Fund Advisors grew its stake in Bank of Hawaii Corporation (NYSE:BOH) by 12.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 137,523 shares of the bank’s stock after purchasing an additional 15,102 shares during the period. Nationwide Fund Advisors owned approximately 0.32% of Bank of Hawaii Corporation worth $11,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of BOH. Great West Life Assurance Co. Can grew its position in shares of Bank of Hawaii Corporation by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 25,445 shares of the bank’s stock valued at $2,094,000 after purchasing an additional 1,972 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Bank of Hawaii Corporation by 7.8% in the first quarter. Bank of New York Mellon Corp now owns 588,965 shares of the bank’s stock valued at $48,507,000 after purchasing an additional 42,751 shares in the last quarter. Comerica Bank grew its position in shares of Bank of Hawaii Corporation by 4.1% in the first quarter. Comerica Bank now owns 33,222 shares of the bank’s stock valued at $2,760,000 after purchasing an additional 1,305 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Bank of Hawaii Corporation by 30.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock valued at $126,000 after purchasing an additional 355 shares in the last quarter. Finally, World Asset Management Inc grew its position in shares of Bank of Hawaii Corporation by 0.7% in the first quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock valued at $216,000 after purchasing an additional 18 shares in the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.

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In other Bank of Hawaii Corporation news, insider Donna A. Tanoue sold 1,185 shares of Bank of Hawaii Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $76.86, for a total value of $91,079.10. Following the completion of the sale, the insider now directly owns 15,204 shares of the company’s stock, valued at approximately $1,168,579.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donna A. Tanoue sold 4,050 shares of Bank of Hawaii Corporation stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $76.15, for a total transaction of $308,407.50. Following the completion of the sale, the insider now directly owns 9,969 shares of the company’s stock, valued at $759,139.35. The disclosure for this sale can be found here. Insiders sold a total of 11,235 shares of company stock valued at $860,767 over the last ninety days. 2.16% of the stock is owned by corporate insiders.

BOH has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Bank of Hawaii Corporation from $74.00 to $75.00 and gave the company an “underweight” rating in a research report on Tuesday, June 6th. Zacks Investment Research lowered Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. BidaskClub upgraded Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Barclays PLC restated an “equal weight” rating and issued a $83.00 price target (up from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $85.00 price target on shares of Bank of Hawaii Corporation in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $86.40.

Bank of Hawaii Corporation (BOH) opened at 81.49 on Monday. Bank of Hawaii Corporation has a 12-month low of $71.06 and a 12-month high of $90.80. The firm has a market capitalization of $3.47 billion, a PE ratio of 19.04 and a beta of 0.96. The company has a 50-day moving average price of $79.71 and a 200-day moving average price of $80.99.

Bank of Hawaii Corporation (NYSE:BOH) last released its earnings results on Monday, July 24th. The bank reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The firm had revenue of $157.52 million during the quarter, compared to analysts’ expectations of $157.76 million. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. During the same period in the previous year, the company earned $1.03 EPS. On average, analysts predict that Bank of Hawaii Corporation will post $4.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a $0.52 dividend. This is a boost from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Tuesday, August 29th. Bank of Hawaii Corporation’s payout ratio is presently 48.48%.

About Bank of Hawaii Corporation

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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Institutional Ownership by Quarter for Bank of Hawaii Corporation (NYSE:BOH)

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