Natixis Advisors L.P. increased its stake in Bank of Hawaii Co. (NYSE:BOH) by 37.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,191 shares of the bank’s stock after purchasing an additional 66,759 shares during the period. Natixis Advisors L.P. owned 0.61% of Bank of Hawaii worth $22,031,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Anchor Capital Advisors LLC purchased a new position in shares of Bank of Hawaii in the fourth quarter worth about $42,814,000. Norges Bank acquired a new position in Bank of Hawaii in the 4th quarter worth approximately $32,332,000. BlackRock Inc. raised its position in Bank of Hawaii by 4.1% during the 4th quarter. BlackRock Inc. now owns 4,216,350 shares of the bank’s stock worth $323,058,000 after buying an additional 165,430 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Bank of Hawaii by 19.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 828,347 shares of the bank’s stock valued at $63,468,000 after acquiring an additional 137,208 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Bank of Hawaii by 61.5% in the 4th quarter. Wells Fargo & Company MN now owns 307,812 shares of the bank’s stock valued at $23,585,000 after acquiring an additional 117,161 shares during the last quarter. 72.75% of the stock is currently owned by institutional investors.
In other Bank of Hawaii news, Director Kent Thomas Lucien sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 24th. The stock was sold at an average price of $92.85, for a total transaction of $464,250.00. Following the transaction, the director now owns 32,598 shares in the company, valued at $3,026,724.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.14% of the company’s stock.
Bank of Hawaii (NYSE:BOH) last posted its earnings results on Sunday, April 25th. The bank reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.35. The firm had revenue of $163.54 million during the quarter, compared to analysts’ expectations of $164.52 million. Bank of Hawaii had a net margin of 22.62% and a return on equity of 12.73%. During the same period in the previous year, the business posted $0.87 EPS. As a group, equities analysts expect that Bank of Hawaii Co. will post 3.9 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 14th. Investors of record on Friday, May 28th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $2.68 annualized dividend and a dividend yield of 2.87%. Bank of Hawaii’s dividend payout ratio is presently 48.20%.
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, personal lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, and trust services to individuals and families, and high-net-worth individuals; investment management and institutional investment advisory services to corporations, government entities, and foundations; and brokerage offering equities, mutual funds, life insurance, and annuity products.
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