Pacer Advisors Inc. acquired a new stake in shares of Bank of Hawaii Co. (NYSE:BOH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 16,402 shares of the bank’s stock, valued at approximately $1,360,000.

Several other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Bank of Hawaii in the 2nd quarter valued at approximately $35,000. Trustcore Financial Services LLC purchased a new position in Bank of Hawaii during the second quarter valued at approximately $37,000. Signaturefd LLC increased its holdings in Bank of Hawaii by 150.8% during the second quarter. Signaturefd LLC now owns 602 shares of the bank’s stock valued at $50,000 after buying an additional 362 shares during the period. Westside Investment Management Inc. purchased a new position in Bank of Hawaii during the second quarter valued at approximately $62,000. Finally, Advisory Services Network LLC increased its holdings in Bank of Hawaii by 320.0% during the second quarter. Advisory Services Network LLC now owns 1,281 shares of the bank’s stock valued at $106,000 after buying an additional 976 shares during the period. Institutional investors and hedge funds own 73.93% of the company’s stock.

BOH stock traded up $1.25 during trading on Friday, hitting $87.83. 2,385 shares of the company’s stock traded hands, compared to its average volume of 176,955. The firm has a market capitalization of $3.43 billion, a P/E ratio of 16.77, a PEG ratio of 2.01 and a beta of 0.92. The business has a fifty day simple moving average of $82.60 and a two-hundred day simple moving average of $81.23. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. Bank of Hawaii Co. has a 1 year low of $63.64 and a 1 year high of $87.07.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, July 22nd. The bank reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.03. Bank of Hawaii had a net margin of 30.23% and a return on equity of 17.85%. The business had revenue of $169.55 million for the quarter, compared to analyst estimates of $167.65 million. During the same period in the previous year, the company earned $1.30 earnings per share. On average, equities research analysts predict that Bank of Hawaii Co. will post 5.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 2.96%. The ex-dividend date is Thursday, August 29th. Bank of Hawaii’s dividend payout ratio is currently 49.71%.

Bank of Hawaii Company 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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