BB&T Corp reduced its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,667 shares of the bank’s stock after selling 921 shares during the period. BB&T Corp owned 0.10% of Bank of Hawaii Corporation worth $3,457,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in BOH. BlackRock Inc. increased its stake in 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 during the period. Norges Bank acquired a new stake in Bank of Hawaii Corporation during the fourth quarter worth about $33,198,000. State Street Corp boosted its position in 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 valued at $164,305,000 after buying an additional 294,607 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Bank of Hawaii Corporation during the first quarter valued at $15,851,000. Finally, Vanguard Group Inc. boosted its position in 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 valued at $296,158,000 after buying an additional 144,229 shares in the last quarter. Institutional investors and hedge funds own 77.11% of the company’s stock.
Bank of Hawaii Corporation (NYSE:BOH) traded up 0.41% during trading on Friday, hitting $79.09. The company’s stock had a trading volume of 131,805 shares. The firm has a market cap of $3.37 billion, a P/E ratio of 18.48 and a beta of 0.95. Bank of Hawaii Corporation has a 12 month low of $69.77 and a 12 month high of $90.80. The firm has a 50 day moving average of $82.44 and a 200 day moving average of $82.01.
Bank of Hawaii Corporation (NYSE:BOH) last posted its quarterly earnings data on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $157.52 million for the quarter, compared to analysts’ expectations of $157.76 million. During the same period in the previous year, the firm posted $1.03 EPS. Equities research analysts predict that Bank of Hawaii Corporation will post $4.43 earnings per share for the current 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 boost from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Tuesday, August 29th. Bank of Hawaii Corporation’s payout ratio is currently 46.62%.
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A number of research firms have commented 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 boosted their target price 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 target price for the company in a research report on Wednesday, May 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $85.00 price target on shares of Bank of Hawaii Corporation in a research note on Friday, July 14th. Finally, Barclays PLC reaffirmed 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 note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has a consensus 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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