JPMorgan Chase & Co. reduced its stake in shares of Bank of Hawaii Corp. (NYSE:BOH) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,139 shares of the company’s stock after selling 20,661 shares during the period. JPMorgan Chase & Co. owned about 0.85% of Bank of Hawaii Corp. worth $24,984,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BOH. LS Investment Advisors LLC increased its position in Bank of Hawaii Corp. by 74.7% in the second quarter. LS Investment Advisors LLC now owns 2,579 shares of the company’s stock valued at $177,000 after buying an additional 1,103 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in Bank of Hawaii Corp. by 8.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,075 shares of the company’s stock valued at $212,000 after buying an additional 240 shares in the last quarter. Capstone Asset Management Co. increased its position in Bank of Hawaii Corp. by 7.8% in the second quarter. Capstone Asset Management Co. now owns 3,189 shares of the company’s stock valued at $219,000 after buying an additional 230 shares in the last quarter. Calvert Investment Management Inc. increased its position in Bank of Hawaii Corp. by 4.8% in the second quarter. Calvert Investment Management Inc. now owns 3,392 shares of the company’s stock valued at $233,000 after buying an additional 156 shares in the last quarter. Finally, Cullinan Associates Inc. bought a new position in Bank of Hawaii Corp. during the second quarter valued at approximately $283,000. Hedge funds and other institutional investors own 76.08% of the company’s stock.

Bank of Hawaii Corp. (NYSE:BOH) traded down 0.12% on Friday, hitting $72.91. 121,530 shares of the stock were exchanged. Bank of Hawaii Corp. has a 52-week low of $54.55 and a 52-week high of $73.44. The firm has a market cap of $3.13 billion, a PE ratio of 18.37 and a beta of 1.06. The company has a 50-day moving average price of $70.70 and a 200-day moving average price of $69.16.

Bank of Hawaii Corp. (NYSE:BOH) last released its earnings results on Monday, July 25th. The company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.10. The company had revenue of $150.10 million for the quarter, compared to analysts’ expectations of $149.13 million. Bank of Hawaii Corp. had a return on equity of 15.21% and a net margin of 26.96%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.95 EPS. On average, equities research analysts anticipate that Bank of Hawaii Corp. will post $4.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, August 29th. Bank of Hawaii Corp.’s payout ratio is 48.36%.

Several research firms recently commented on BOH. DA Davidson upped their price target on shares of Bank of Hawaii Corp. from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, July 26th. Compass Point began coverage on shares of Bank of Hawaii Corp. in a research note on Thursday, August 11th. They issued a “neutral” rating and a $69.00 price target on the stock. Royal Bank Of Canada upped their price target on shares of Bank of Hawaii Corp. from $68.00 to $72.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 26th. RBC Capital Markets restated a “sector perform” rating and issued a $72.00 price target (up from $68.00) on shares of Bank of Hawaii Corp. in a research note on Tuesday, July 26th. Finally, Piper Jaffray Cos. began coverage on shares of Bank of Hawaii Corp. in a research note on Friday, July 8th. They issued a “neutral” rating and a $70.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $68.91.

Bank of Hawaii Corp. Company Profile

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

5 Day Chart for NYSE:BOH

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