BB&T Securities LLC raised its stake in shares of Bank of Hawaii Corporation (NYSE:BOH) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,975 shares of the bank’s stock after buying an additional 983 shares during the period. BB&T Securities LLC’s holdings in Bank of Hawaii Corporation were worth $910,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 in the last quarter. Creative Planning raised its stake 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 in the last quarter. Crestwood Advisors Group LLC raised its stake in Bank of Hawaii Corporation by 0.6% in 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 in the last quarter. World Asset Management Inc raised its stake 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 in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in Bank of Hawaii Corporation during the first quarter valued at about $234,000. Hedge funds and other institutional investors own 75.66% of the company’s stock.

Bank of Hawaii Corporation (NYSE BOH) opened at 78.45 on Wednesday. The stock’s 50 day moving average price is $81.86 and its 200-day moving average price is $81.83. Bank of Hawaii Corporation has a 52 week low of $70.12 and a 52 week high of $90.80. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 18.33 and a beta of 0.95.

Bank of Hawaii Corporation (NYSE:BOH) last issued its quarterly earnings results on Monday, July 24th. The bank reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. The business had revenue of $157.52 million for the quarter, compared to analysts’ expectations of $157.76 million. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. During the same quarter last year, the company posted $1.03 EPS. On average, equities research analysts forecast that Bank of Hawaii Corporation will post $4.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Tuesday, August 29th. This is a boost from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is currently 46.62%.

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Several analysts have issued reports on the company. Zacks Investment Research lowered Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. BidaskClub lowered 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 target price (up previously from $81.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 12th. Finally, Morgan Stanley increased their target price on 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 investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s 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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Institutional Ownership by Quarter for Bank of Hawaii Corporation (NYSE:BOH)

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