Partnervest Advisory Services LLC Continues to Hold Position in Bank of Hawaii Co. (NYSE:BOH)
Partnervest Advisory Services LLC continued to hold its stake in Bank of Hawaii Co. (NYSE:BOH) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,200 shares of the bank’s stock at the end of the second quarter. Partnervest Advisory Services LLC’s holdings in Bank of Hawaii were worth $266,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in BOH. Guggenheim Capital LLC boosted its stake in Bank of Hawaii 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 in the last quarter. Quadrature Capital Ltd purchased a new stake in Bank of Hawaii during the fourth quarter worth about $332,000. Teachers Advisors LLC boosted its stake in Bank of Hawaii 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 in the last quarter. Creative Planning boosted its stake in Bank of Hawaii 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 in the last quarter. Finally, Bank of Montreal Can boosted its stake in Bank of Hawaii 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 in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.
Shares of Bank of Hawaii Co. (NYSE:BOH) opened at 80.18 on Friday. The company has a 50-day moving average price of $82.68 and a 200 day moving average price of $82.34. Bank of Hawaii Co. has a 52 week low of $68.54 and a 52 week high of $90.80. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 18.74 and a beta of 0.95.
Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, July 24th. The bank reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. Bank of Hawaii had a return on equity of 14.89% and a net margin of 28.35%. The firm had revenue of $157.52 million for the quarter, compared to analyst estimates of $157.76 million. During the same quarter last year, the company earned $1.03 EPS. Analysts expect that Bank of Hawaii Co. will post $4.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Tuesday, August 29th. This is a positive change from Bank of Hawaii’s previous quarterly dividend of $0.50. Bank of Hawaii’s dividend payout ratio (DPR) is 46.62%.
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BOH has been the topic of a number of research reports. Zacks Investment Research upgraded Bank of Hawaii from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Friday, April 21st. Morgan Stanley boosted their price objective on Bank of Hawaii from $74.00 to $75.00 and gave the company an “underweight” rating in a research report on Tuesday, June 6th. BidaskClub upgraded Bank of Hawaii from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Barclays PLC restated an “equal weight” rating and set a $83.00 price objective (up from $81.00) on shares of Bank of Hawaii in a research report 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. The stock presently has a consensus rating of “Hold” and an average price target of $83.50.
About Bank of Hawaii
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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