Campbell & CO Investment Adviser LLC Cuts Stake in Bank of Hawaii Corporation $BOH

Campbell & CO Investment Adviser LLC cut its stake in Bank of Hawaii Corporation (NYSE:BOH) by 24.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,013 shares of the bank’s stock after selling 11,701 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Bank of Hawaii were worth $2,364,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in Bank of Hawaii by 150.0% during the third quarter. Farther Finance Advisors LLC now owns 450 shares of the bank’s stock worth $30,000 after purchasing an additional 270 shares during the period. Strs Ohio acquired a new stake in shares of Bank of Hawaii during the 1st quarter worth $41,000. EverSource Wealth Advisors LLC raised its position in shares of Bank of Hawaii by 461.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after buying an additional 512 shares during the period. State of Wyoming boosted its holdings in Bank of Hawaii by 8,220.0% in the second quarter. State of Wyoming now owns 832 shares of the bank’s stock valued at $56,000 after acquiring an additional 822 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in Bank of Hawaii in the second quarter valued at $83,000. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Trading Down 1.0%

NYSE:BOH opened at $71.16 on Friday. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 0.63 and a beta of 0.75. Bank of Hawaii Corporation has a one year low of $57.44 and a one year high of $76.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.70 and a current ratio of 0.70. The business’s 50-day simple moving average is $68.13 and its 200 day simple moving average is $66.67.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.The firm had revenue of $182.64 million during the quarter, compared to analyst estimates of $180.95 million. During the same quarter last year, the firm earned $0.93 EPS. As a group, sell-side analysts predict that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, November 28th. This represents a $2.80 annualized dividend and a yield of 3.9%. Bank of Hawaii’s dividend payout ratio is presently 68.63%.

Insider Buying and Selling

In other news, CEO Peter S. Ho sold 15,000 shares of Bank of Hawaii stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the transaction, the chief executive officer owned 156,774 shares in the company, valued at approximately $10,640,251.38. This trade represents a 8.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BOH. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 29th. Barclays lifted their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. Wall Street Zen downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Sunday, January 4th. Finally, DA Davidson reissued a “neutral” rating and issued a $70.00 target price on shares of Bank of Hawaii in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $71.25.

About Bank of Hawaii

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.