Nisa Investment Advisors LLC takes $839,000 position in Bank of Hawaii Co. (NYSE: BOH)

Nisa Investment Advisors LLC has acquired a new stake in Bank of Hawaii Co. (NYSE: BOH – Get a rating) during the first trimester, HoldingsChannel.com reports. The fund bought 10,000 shares of the bank, valued at around $839,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BOH. Covestor Ltd acquired a new stake in Bank of Hawaii in the fourth quarter worth $34,000. CWM LLC acquired a new stake in Bank of Hawaii in the fourth quarter worth $37,000. Point72 Hong Kong Ltd acquired a new stake in Bank of Hawaii in the fourth quarter worth $46,000. GHP Investment Advisors Inc. acquired a new stake in Bank of Hawaii in the first quarter worth $89,000. Finally, Pinebridge Investments LP acquired a new stake in Bank of Hawaii in the fourth quarter valued at $117,000. 71.07% of the shares are currently held by institutional investors and hedge funds.

Insider buying and selling

In related news, CEO Peter S. Ho sold 5,500 shares of the company in a transaction dated Tuesday, May 10. The stock was sold at an average price of $74.51, for a total transaction of $409,805.00. As a result of the transaction, the CEO now owns 244,681 shares of the company, valued at $18,231,181.31. The transaction was disclosed in a document filed with the SEC, accessible via this link. Company insiders hold 2.06% of the company’s shares.

Analysts set new price targets

BOH has been the subject of a number of analyst reports. StockNews.com upgraded the Bank of Hawaii from a “hold” rating to a “sell” rating in a Monday, May 23 research note. Jefferies Financial Group lowered its price target on Bank of Hawaii from $87.00 to $79.00 in a Monday, July 11 report.

Bank of Hawaii stock performance

Shares of BOH Stock opened at $76.95 on Friday. The stock’s 50-day moving average is $75.88 and its two-hundred-day moving average is $80.89. The company has a market capitalization of $3.10 billion, a price/earnings ratio of 12.68, a PEG ratio of 1.75 and a beta of 1.13. Bank of Hawaii Co. has a 1-year low of $70.89 and a 1-year high of $92.38.

Bank of Hawaii (NYSE: BOH – Get a rating) last released its quarterly earnings data on Monday, April 25. The bank reported earnings per share (EPS) of $1.32 for the quarter, beating the consensus estimate of $1.22 by $0.10. The company posted revenue of $168.81 million for the quarter, versus analyst estimates of $169.30 million. Bank of Hawaii had a return on equity of 17.99% and a net margin of 35.44%. In the same quarter last year, the company posted earnings per share of $1.50. As a group, research analysts predict Bank of Hawaii Co. will post EPS of 5.49 for the current year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 14. Investors of record on Tuesday, May 31 received a dividend of $0.70 per share. This represents a dividend of $2.80 on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Friday, May 27. Bank of Hawaii’s dividend payout ratio is currently 46.13%.

Bank of Hawaii Profile

(Get a rating)

Bank of Hawaii Corporation operates as a bank holding company for Bank of Hawaii which 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 Others. The Consumer Banking segment offers checking, savings and term deposit accounts; residential mortgages, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; banking, investment, credit and trust services to private and international clients to individuals and families, and high net worth individuals; investment management; institutional investment advisory services to corporations, government entities and foundations; and brokerage offerings, including stocks, mutual funds, life insurance and annuity products.