Metropolitan Life Insurance Co NY Reduces Holdings in Bank of Hawaii Co. (NYSE:BOH)

Metropolitan Life Insurance Co NY reduced its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,778 shares of the bank’s stock after selling 161 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Bank of Hawaii were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Altshuler Shaham Ltd purchased a new stake in Bank of Hawaii in the fourth quarter worth about $25,000. Lindbrook Capital LLC bought a new position in Bank of Hawaii during the fourth quarter valued at approximately $34,000. Toronto Dominion Bank bought a new position in Bank of Hawaii during the fourth quarter valued at approximately $47,000. NumerixS Investment Technologies Inc bought a new position in Bank of Hawaii during the fourth quarter valued at approximately $74,000. Finally, Ellis Investment Partners LLC bought a new position in Bank of Hawaii during the first quarter valued at approximately $89,000. Institutional investors own 74.44% of the company’s stock.

Shares of Bank of Hawaii stock traded up $0.70 during trading on Thursday, reaching $81.83. The company’s stock had a trading volume of 194,217 shares, compared to its average volume of 225,147. The company has a 50-day moving average price of $80.29. Bank of Hawaii Co. has a 1-year low of $63.64 and a 1-year high of $85.89. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $3.33 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, April 22nd. The bank reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.07. Bank of Hawaii had a return on equity of 17.81% and a net margin of 30.64%. The company had revenue of $168.52 million during the quarter, compared to analysts’ expectations of $166.51 million. During the same quarter in the previous year, the firm posted $1.28 EPS. As a group, equities analysts predict that Bank of Hawaii Co. will post 5.59 EPS for the current year.

In other news, Vice Chairman James C. Polk sold 6,176 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $80.82, for a total transaction of $499,144.32. Following the transaction, the insider now directly owns 31,291 shares in the company, valued at approximately $2,528,938.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.13% of the stock is currently owned by insiders.

Several research firms have commented on BOH. Compass Point downgraded Bank of Hawaii from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $83.00 to $82.00 in a report on Monday, April 22nd. Zacks Investment Research downgraded Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $85.60.

Bank of Hawaii 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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