Marshall Wace North America L.P. cut its holdings in shares of Bank of Hawaii Corporation (NYSE:BOH) by 30.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,354 shares of the bank’s stock after selling 9,265 shares during the period. Marshall Wace North America L.P. owned 0.05% of Bank of Hawaii Corporation worth $1,773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bank of Hawaii Corporation by 30.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock valued at $126,000 after buying an additional 355 shares during the period. Creative Planning increased its stake in shares of Bank of Hawaii Corporation by 4.2% during the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock valued at $134,000 after buying an additional 65 shares during the period. Crestwood Advisors Group LLC increased its stake in shares of Bank of Hawaii Corporation by 0.6% during the second quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock valued at $206,000 after buying an additional 14 shares during the period. World Asset Management Inc increased its stake in shares of Bank of Hawaii Corporation by 0.7% during the first quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock valued at $216,000 after buying an additional 18 shares during the period. Finally, Two Sigma Securities LLC purchased a new position in shares of Bank of Hawaii Corporation during the first quarter valued at approximately $234,000. 75.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Bank of Hawaii Corporation (NYSE:BOH) opened at 76.07 on Wednesday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 17.78 and a beta of 0.96. The company’s 50 day moving average price is $81.19 and its 200 day moving average price is $81.52. Bank of Hawaii Corporation has a 52-week low of $70.12 and a 52-week high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last released its quarterly earnings data on Monday, July 24th. The bank reported $1.05 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 the consensus estimate 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 last year, the business posted $1.03 EPS. On average, analysts predict that Bank of Hawaii Corporation will post $4.43 EPS for the current 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 2.73%. The ex-dividend date of this dividend is Tuesday, August 29th. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is presently 48.48%.

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Several research firms recently weighed in on BOH. Zacks Investment Research upgraded Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Monday, July 10th. Barclays PLC restated an “equal weight” rating and set a $83.00 price target (up from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. BidaskClub upgraded Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Jefferies Group LLC restated a “hold” rating and set a $85.00 price target on shares of Bank of Hawaii Corporation in a research report on Friday, July 14th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $94.00 price target on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $86.40.

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

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