Pacer Advisors Inc. Decreases Stock Position in Bank of Hawaii Co. (NYSE:BOH)

Pacer Advisors Inc. lessened its stake in Bank of Hawaii Co. (NYSE:BOH) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,246 shares of the bank’s stock after selling 1,156 shares during the quarter. Pacer Advisors Inc.’s holdings in Bank of Hawaii were worth $1,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Bank of Hawaii during the 2nd quarter valued at approximately $35,000. Transamerica Financial Advisors Inc. acquired a new stake in Bank of Hawaii in the second quarter worth $35,000. Trustcore Financial Services LLC acquired a new stake in Bank of Hawaii in the second quarter worth $37,000. Signaturefd LLC increased its position in Bank of Hawaii by 150.8% in the second quarter. Signaturefd LLC now owns 602 shares of the bank’s stock worth $50,000 after buying an additional 362 shares during the period. Finally, Westside Investment Management Inc. acquired a new stake in Bank of Hawaii in the second quarter worth $62,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.

NYSE BOH traded up $1.03 during trading hours on Friday, hitting $85.57. The company had a trading volume of 25,269 shares, compared to its average volume of 176,990. Bank of Hawaii Co. has a fifty-two week low of $63.64 and a fifty-two week high of $88.20. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $84.29 and a 200-day simple moving average of $81.96. The firm has a market cap of $3.42 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 2.02 and a beta of 0.92.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, July 22nd. The bank reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.03. The firm had revenue of $169.55 million for the quarter, compared to analyst estimates of $167.65 million. Bank of Hawaii had a return on equity of 17.85% and a net margin of 30.23%. During the same period last year, the company earned $1.30 earnings per share. Equities analysts forecast that Bank of Hawaii Co. will post 5.55 EPS for the current fiscal year.

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

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