J.Safra Asset Management Corp Takes $1.25 Million Position in Bank of Hawaii Corporation $BOH

J.Safra Asset Management Corp acquired a new stake in Bank of Hawaii Corporation (NYSE:BOH) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 21,846 shares of the bank’s stock, valued at approximately $1,245,000. J.Safra Asset Management Corp owned 0.06% of Bank of Hawaii at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Marble Harbor Investment Counsel LLC lifted its position in Bank of Hawaii by 14.3% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 112,199 shares of the bank’s stock worth $7,671,000 after buying an additional 14,075 shares in the last quarter. Vanguard Group Inc. increased its position in Bank of Hawaii by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock valued at $312,139,000 after acquiring an additional 26,821 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Bank of Hawaii by 229.6% in the fourth quarter. AlphaQuest LLC now owns 20,293 shares of the bank’s stock worth $1,387,000 after acquiring an additional 14,136 shares during the last quarter. Ruffer LLP bought a new position in shares of Bank of Hawaii in the fourth quarter worth about $3,107,000. Finally, California State Teachers Retirement System lifted its position in shares of Bank of Hawaii by 37.3% during the first quarter. California State Teachers Retirement System now owns 51,059 shares of the bank’s stock worth $3,791,000 after purchasing an additional 13,864 shares in the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock opened at $80.27 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 0.91 and a beta of 0.71. The stock’s 50-day moving average is $80.93 and its 200-day moving average is $78.17. Bank of Hawaii Corporation has a one year low of $59.36 and a one year high of $86.31.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.01. The firm had revenue of $196.90 million for the quarter, compared to analyst estimates of $199.51 million. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same period in the previous year, the business earned $1.06 EPS. Equities analysts predict that Bank of Hawaii Corporation will post 5.88 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, August 31st. Bank of Hawaii’s dividend payout ratio (DPR) is currently 52.24%.

Analysts Set New Price Targets

BOH has been the subject of a number of recent research reports. Barclays dropped their price target on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods lowered their target price on shares of Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. DA Davidson upped their target price on shares of Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Stephens cut Bank of Hawaii from an “overweight” rating to an “equal weight” rating and set a $85.00 price objective for the company. in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $85.00.

Insider Activity

In other Bank of Hawaii news, insider Marco A. Abbruzzese sold 2,441 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total transaction of $199,161.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.97% of the company’s stock.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.