Advisor Group Holdings Inc. Boosts Holdings in Bank of Hawaii Co. (NYSE:BOH)

Advisor Group Holdings Inc. raised its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,483 shares of the bank’s stock after acquiring an additional 703 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Bank of Hawaii were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pflug Koory LLC purchased a new stake in shares of Bank of Hawaii during the second quarter worth about $42,000. Twin Lakes Capital Management LLC purchased a new stake in shares of Bank of Hawaii during the first quarter worth about $74,000. Guggenheim Capital LLC purchased a new stake in Bank of Hawaii in the first quarter valued at approximately $202,000. Weil Company Inc. purchased a new stake in Bank of Hawaii in the first quarter valued at approximately $211,000. Finally, Brown Capital Management LLC purchased a new stake in Bank of Hawaii in the first quarter valued at approximately $241,000. Institutional investors and hedge funds own 71.82% of the company’s stock.

In other Bank of Hawaii news, insider Mary E. Sellers sold 5,000 shares of the company’s stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $84.24, for a total transaction of $421,200.00. Following the completion of the sale, the insider now directly owns 100,972 shares of the company’s stock, valued at $8,505,881.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dean Y. Shigemura sold 5,833 shares of the company’s stock in a transaction dated Tuesday, July 6th. The shares were sold at an average price of $83.50, for a total transaction of $487,055.50. The disclosure for this sale can be found here. Insiders sold a total of 55,000 shares of company stock valued at $4,619,135 over the last three months. 2.02% of the stock is owned by corporate insiders.

Separately, Zacks Investment Research cut shares of Bank of Hawaii from a “buy” rating to a “hold” rating and set a $94.00 price target on the stock. in a research report on Wednesday, June 9th.

Bank of Hawaii stock opened at $77.43 on Tuesday. The company has a 50-day simple moving average of $82.92 and a 200-day simple moving average of $87.33. The firm has a market capitalization of $3.13 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.68 and a beta of 1.27. Bank of Hawaii Co. has a one year low of $48.77 and a one year high of $99.10.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Sunday, July 25th. The bank reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.95 million during the quarter, compared to the consensus estimate of $166.29 million. Bank of Hawaii had a net margin of 29.80% and a return on equity of 15.10%. During the same quarter in the prior year, the company posted $0.98 earnings per share. As a group, research analysts expect that Bank of Hawaii Co. will post 5.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.62%. This is an increase from Bank of Hawaii’s previous quarterly dividend of $0.67. The ex-dividend date was Monday, August 30th. Bank of Hawaii’s dividend payout ratio is presently 72.54%.

About Bank of Hawaii

Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.

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

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