Bank of Montreal Can lowered its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 26,723 shares of the bank’s stock after selling 174 shares during the period. Bank of Montreal Can’s holdings in Bank of Hawaii Corporation were worth $2,217,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BOH. BlackRock Inc. boosted its position in shares of Bank of Hawaii Corporation by 11,412.9% in the first quarter. BlackRock Inc. now owns 5,822,179 shares of the bank’s stock worth $479,514,000 after buying an additional 5,771,608 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Bank of Hawaii Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 3,595,900 shares of the bank’s stock worth $296,158,000 after buying an additional 144,229 shares in the last quarter. State Street Corp boosted its position in shares of Bank of Hawaii Corporation by 17.3% in the first quarter. State Street Corp now owns 1,994,913 shares of the bank’s stock worth $164,305,000 after buying an additional 294,607 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Bank of Hawaii Corporation by 1.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,106,917 shares of the bank’s stock worth $91,165,000 after buying an additional 16,182 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Bank of Hawaii Corporation by 7.8% in the first quarter. Bank of New York Mellon Corp now owns 588,965 shares of the bank’s stock worth $48,507,000 after buying an additional 42,751 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors.

Shares of Bank of Hawaii Corporation (BOH) traded down 0.49% during trading on Friday, reaching $79.79. The company’s stock had a trading volume of 142,015 shares. The company has a 50 day moving average of $82.66 and a 200-day moving average of $82.29. Bank of Hawaii Corporation has a 12-month low of $68.88 and a 12-month high of $90.80. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 18.65 and a beta of 0.95.

Bank of Hawaii Corporation (NYSE:BOH) last issued its quarterly earnings data on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $157.52 million for the quarter, compared to the consensus estimate of $157.76 million. During the same period in the prior year, the business posted $1.03 earnings per share. Analysts forecast that Bank of Hawaii Corporation will post $4.43 EPS for the current 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 given a dividend of $0.52 per share. The ex-dividend date is Tuesday, August 29th. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 2.61%. Bank of Hawaii Corporation’s dividend payout ratio is 46.62%.

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A number of equities analysts have commented on BOH shares. Zacks Investment Research raised Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub raised Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Barclays PLC lifted their price target on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $86.40.

About Bank of Hawaii Corporation

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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Institutional Ownership by Quarter for Bank of Hawaii Corporation (NYSE:BOH)

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