Bank of Hawaii Corp. (BOH) Shares Sold by BTIM Corp.
BTIM Corp. reduced its stake in Bank of Hawaii Corp. (NYSE:BOH) by 0.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 627,609 shares of the company’s stock after selling 4,240 shares during the period. BTIM Corp. owned 1.46% of Bank of Hawaii Corp. worth $45,577,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its position in shares of Bank of Hawaii Corp. by 5.4% in the second quarter. BlackRock Fund Advisors now owns 3,836,304 shares of the company’s stock worth $263,938,000 after buying an additional 195,528 shares during the period. Vanguard Group Inc. raised its stake in Bank of Hawaii Corp. by 3.1% in the second quarter. Vanguard Group Inc. now owns 3,179,039 shares of the company’s stock worth $218,717,000 after buying an additional 97,065 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Bank of Hawaii Corp. by 1.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,275,677 shares of the company’s stock worth $87,767,000 after buying an additional 20,509 shares in the last quarter. American Century Companies Inc. raised its stake in Bank of Hawaii Corp. by 3.7% in the second quarter. American Century Companies Inc. now owns 1,205,771 shares of the company’s stock worth $82,957,000 after buying an additional 42,553 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Bank of Hawaii Corp. by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,025,053 shares of the company’s stock worth $70,521,000 after buying an additional 27,863 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Bank of Hawaii Corp. (NYSE:BOH) traded up 0.6771% during mid-day trading on Wednesday, hitting $83.6828. 28,501 shares of the company were exchanged. The stock’s 50-day moving average price is $78.10 and its 200 day moving average price is $72.11. Bank of Hawaii Corp. has a 12-month low of $54.55 and a 12-month high of $88.43. The stock has a market cap of $3.57 billion, a PE ratio of 19.9245 and a beta of 0.87.
Bank of Hawaii Corp. (NYSE:BOH) last announced its quarterly earnings results on Monday, October 24th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.03. Bank of Hawaii Corp. had a return on equity of 15.80% and a net margin of 27.91%. During the same period in the previous year, the business posted $0.79 earnings per share. On average, equities analysts anticipate that Bank of Hawaii Corp. will post $4.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.92 annualized dividend and a dividend yield of 2.31%. Bank of Hawaii Corp.’s payout ratio is 45.71%.
BOH has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Bank of Hawaii Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Barclays PLC lifted their price objective on shares of Bank of Hawaii Corp. from $71.00 to $73.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 25th. Finally, Compass Point initiated coverage on shares of Bank of Hawaii Corp. in a research note on Thursday, August 11th. They set a “neutral” rating and a $69.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $72.13.
In related news, Director Barbara J. Tanabe sold 3,550 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $73.88, for a total value of $262,274.00. Following the completion of the sale, the director now owns 7,974 shares of the company’s stock, valued at approximately $589,119.12. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.52% of the stock is owned by corporate insiders.
Bank of Hawaii Corp. 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 services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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