Bank of Hawaii Corp. (BOH) Shares Sold by BTIM Corp.
BTIM Corp. lowered its position in Bank of Hawaii Corp. (NYSE:BOH) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 627,609 shares of the company’s stock after selling 4,240 shares during the period. BTIM Corp.’s holdings in Bank of Hawaii Corp. were worth $45,577,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in BOH. BlackRock Fund Advisors raised its position in shares of Bank of Hawaii Corp. by 5.4% in the second quarter. BlackRock Fund Advisors now owns 3,836,304 shares of the company’s stock worth $263,938,000 after buying an additional 195,528 shares during the period. Advisor Consultant Network Inc. acquired a new stake in shares of Bank of Hawaii Corp. during the third quarter valued at approximately $11,450,000. Lord Abbett & CO. LLC boosted its stake in shares of Bank of Hawaii Corp. by 13.8% in the second quarter. Lord Abbett & CO. LLC now owns 946,339 shares of the company’s stock valued at $65,108,000 after buying an additional 114,412 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Bank of Hawaii Corp. by 3.1% in the second quarter. Vanguard Group Inc. now owns 3,179,039 shares of the company’s stock valued at $218,717,000 after buying an additional 97,065 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Bank of Hawaii Corp. by 51.3% in the second quarter. First Trust Advisors LP now owns 180,687 shares of the company’s stock valued at $12,431,000 after buying an additional 61,265 shares during the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.
Shares of Bank of Hawaii Corp. (NYSE:BOH) traded up 0.6771% during trading on Wednesday, reaching $83.6828. The company’s stock had a trading volume of 28,501 shares. Bank of Hawaii Corp. has a 12 month low of $54.55 and a 12 month high of $88.43. The company’s 50 day moving average price is $78.10 and its 200 day moving average price is $72.11. The firm has a market cap of $3.57 billion, a PE ratio of 19.9245 and a beta of 0.87.
Bank of Hawaii Corp. (NYSE:BOH) last announced its quarterly earnings data on Monday, October 24th. The company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.03. Bank of Hawaii Corp. had a return on equity of 15.80% and a net margin of 27.91%. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, equities analysts predict that Bank of Hawaii Corp. will post $4.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 30th will be issued a $0.48 dividend. The ex-dividend date is Monday, November 28th. This represents a $1.92 annualized dividend and a yield of 2.31%. Bank of Hawaii Corp.’s dividend payout ratio is presently 45.71%.
BOH has been the topic of several research analyst reports. Zacks Investment Research upgraded Bank of Hawaii Corp. from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Monday, October 10th. Compass Point started coverage on Bank of Hawaii Corp. in a report on Thursday, August 11th. They issued a “neutral” rating and a $69.00 price target on the stock. Finally, Barclays PLC raised their price target on Bank of Hawaii Corp. from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Tuesday, October 25th. Eight equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $72.13.
In other Bank of Hawaii Corp. news, Director Barbara J. Tanabe sold 3,550 shares of Bank of Hawaii Corp. stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $73.88, for a total value of $262,274.00. Following the completion of the transaction, the director now directly owns 7,974 shares of the company’s stock, valued at approximately $589,119.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.52% of the stock is owned by company insiders.
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.
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