Tdam USA Inc. Purchases 4,047 Shares of Bank of Hawaii Corporation (BOH)
Tdam USA Inc. boosted its position in Bank of Hawaii Corporation (NYSE:BOH) by 21.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,337 shares of the bank’s stock after buying an additional 4,047 shares during the period. Tdam USA Inc.’s holdings in Bank of Hawaii Corporation were worth $1,936,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in BOH. Guggenheim Capital LLC increased its stake in Bank of Hawaii Corporation by 70.5% in the fourth quarter. Guggenheim Capital LLC now owns 12,131 shares of the bank’s stock worth $1,076,000 after buying an additional 5,017 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Bank of Hawaii Corporation during the fourth quarter worth $332,000. Teachers Advisors LLC increased its stake in Bank of Hawaii Corporation by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 59,252 shares of the bank’s stock worth $5,255,000 after buying an additional 2,489 shares during the last quarter. Creative Planning increased its stake in Bank of Hawaii Corporation by 4.2% in the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock worth $134,000 after buying an additional 65 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Bank of Hawaii Corporation by 1.2% in the first quarter. Bank of Montreal Can now owns 26,897 shares of the bank’s stock worth $2,216,000 after buying an additional 316 shares during the last quarter. Institutional investors own 77.46% of the company’s stock.
Bank of Hawaii Corporation (NYSE:BOH) opened at 83.39 on Tuesday. The stock’s 50 day moving average price is $82.47 and its 200 day moving average price is $82.45. Bank of Hawaii Corporation has a 1-year low of $68.13 and a 1-year high of $90.80. The stock has a market capitalization of $3.55 billion, a PE ratio of 19.49 and a beta of 0.95.
Bank of Hawaii Corporation (NYSE:BOH) last issued its quarterly earnings results on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. The firm had revenue of $157.52 million during the quarter, compared to analyst estimates of $157.76 million. During the same period last year, the company earned $1.03 EPS. On average, equities research analysts predict that Bank of Hawaii Corporation will post $4.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.52 per share. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, August 29th. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is presently 46.62%.
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BOH has been the subject of a number of recent research reports. Zacks Investment Research upgraded Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Friday, April 21st. Morgan Stanley boosted their target price on Bank of Hawaii Corporation from $74.00 to $75.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 6th. BidaskClub upgraded Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $83.00 price target (up from $81.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Bank of Hawaii Corporation has a consensus rating of “Hold” and an average target price of $83.50.
Bank of Hawaii Corporation 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 products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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