Parametrica Management Ltd purchased a new stake in Bank of Hawaii Corporation (NYSE:BOH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,682 shares of the bank’s stock, valued at approximately $388,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Bank of Hawaii Corporation by 30.3% in 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 last quarter. Creative Planning raised 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 valued at $134,000 after buying an additional 65 shares during the last quarter. Crestwood Advisors Group LLC raised 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 valued at $203,000 after buying an additional 15 shares during the last quarter. World Asset Management Inc raised 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 valued at $216,000 after buying an additional 18 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in Bank of Hawaii Corporation during the first quarter valued at about $234,000. Hedge funds and other institutional investors own 77.46% of the company’s stock.

Shares of Bank of Hawaii Corporation (BOH) opened at 84.01 on Monday. Bank of Hawaii Corporation has a 1-year low of $68.13 and a 1-year high of $90.80. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 19.63 and a beta of 0.95. The stock has a 50 day moving average of $82.47 and a 200 day moving average of $82.45.

Bank of Hawaii Corporation (NYSE:BOH) last announced its earnings results on Monday, July 24th. The bank reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $157.52 million during 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 quarter in the prior year, the company earned $1.03 earnings per share. 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 $0.52 dividend. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.08 dividend on an annualized basis and a yield of 2.48%. Bank of Hawaii Corporation’s dividend payout ratio is 46.62%.

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Several research analysts have issued reports on BOH shares. Zacks Investment Research upgraded shares of Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Monday, July 10th. Barclays PLC reiterated an “equal weight” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price objective on shares of Bank of Hawaii Corporation in a research note on Friday, July 14th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $94.00 price objective on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $83.50.

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.

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

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