Capstone Asset Management Co. increased its position in Bank of Hawaii Corporation (NYSE:BOH) by 10.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,779 shares of the bank’s stock after buying an additional 350 shares during the period. Capstone Asset Management Co.’s holdings in Bank of Hawaii Corporation were worth $314,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BOH. Crestwood Advisors Group LLC boosted its position in Bank of Hawaii Corporation by 0.6% in the first quarter. Crestwood Advisors Group LLC now owns 2,469 shares of the bank’s stock worth $203,000 after buying an additional 15 shares during the last quarter. World Asset Management Inc boosted its position in Bank of Hawaii Corporation by 0.7% in the first quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock worth $216,000 after buying an additional 18 shares during the last quarter. Creative Planning boosted its position 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. State Treasurer State of Michigan boosted its position in Bank of Hawaii Corporation by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,290 shares of the bank’s stock worth $1,424,000 after buying an additional 100 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its position in Bank of Hawaii Corporation by 1.8% in the first quarter. Virginia Retirement Systems ET AL now owns 5,700 shares of the bank’s stock worth $469,000 after buying an additional 100 shares during the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Bank of Hawaii Corporation (NYSE BOH) traded down 0.49% during trading on Friday, reaching $79.79. 142,015 shares of the company’s stock traded hands. The stock has a 50-day moving average of $82.66 and a 200-day moving average of $82.29. Bank of Hawaii Corporation has a 1-year low of $68.88 and a 1-year high of $90.80. The company has a market capitalization 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 released its earnings results on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. The company had revenue of $157.52 million for the quarter, compared to analyst estimates of $157.76 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. During the same period in the prior year, the firm posted $1.03 EPS. On average, equities analysts predict that Bank of Hawaii Corporation will post $4.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.52 per share. This is a positive change from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, August 29th. Bank of Hawaii Corporation’s dividend payout ratio is 46.62%.

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A number of research firms recently weighed in on BOH. BidaskClub cut shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Morgan Stanley raised their price target on shares of Bank of Hawaii Corporation from $74.00 to $75.00 and gave the company an “underweight” rating in a research report on Tuesday, June 6th. Zacks Investment Research raised shares of Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Wednesday, May 24th. Jefferies Group LLC reissued a “hold” rating and issued a $85.00 price target on shares of Bank of Hawaii Corporation in a research report on Friday, July 14th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $83.00 price target (up previously from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has an average rating of “Hold” and an average target price 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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