Credit Suisse AG Has $10.76 Million Position in Bank of Hawaii Corporation (BOH)
Credit Suisse AG decreased its position in Bank of Hawaii Corporation (NYSE:BOH) by 63.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,685 shares of the bank’s stock after selling 226,494 shares during the period. Credit Suisse AG owned approximately 0.31% of Bank of Hawaii Corporation worth $10,762,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of BOH. BlackRock Inc. raised its stake in shares of 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 shares of Bank of Hawaii Corporation during the fourth quarter worth about $33,198,000. FMR LLC raised its stake in shares of Bank of Hawaii Corporation by 173.3% in the fourth quarter. FMR LLC now owns 467,300 shares of the bank’s stock worth $41,445,000 after buying an additional 296,330 shares during the period. State Street Corp raised its stake in shares of 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 worth $164,305,000 after buying an additional 294,607 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Bank of Hawaii Corporation during the first quarter worth about $15,851,000. Institutional investors own 77.46% of the company’s stock.
Shares of Bank of Hawaii Corporation (NYSE:BOH) remained flat at $83.39 during trading on Tuesday. The stock had a trading volume of 94,417 shares. Bank of Hawaii Corporation has a 1-year low of $68.54 and a 1-year high of $90.80. The stock has a market cap of $3.55 billion, a P/E ratio of 19.49 and a beta of 0.95. The company has a 50 day moving average price of $82.58 and a 200-day moving average price of $82.48.
Bank of Hawaii Corporation (NYSE:BOH) last issued its earnings results 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 during 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 quarter last year, the firm earned $1.03 EPS. Analysts predict that Bank of Hawaii Corporation will post $4.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.52 dividend. This is a positive change 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 annualized dividend and a dividend yield of 2.49%. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is presently 46.62%.
BOH has been the topic of a number of recent research reports. 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 on the stock in a research note on Monday, July 10th. BidaskClub lowered shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Barclays PLC reiterated 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 note on Wednesday, July 12th. Finally, Morgan Stanley boosted their price target on shares of Bank of Hawaii Corporation from $74.00 to $75.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 6th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus 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.
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