Cadence Capital Management LLC decreased its stake in Bank of Hawaii Corporation (NYSE:BOH) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,200 shares of the bank’s stock after selling 52 shares during the period. Cadence Capital Management LLC’s holdings in Bank of Hawaii Corporation were worth $514,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Advisors LLC increased its position in Bank of Hawaii Corporation by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 59,252 shares of the bank’s stock valued at $5,255,000 after buying an additional 2,489 shares during the last quarter. Creative Planning increased 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. Bank of Montreal Can increased its position in Bank of Hawaii Corporation by 1.2% in the first quarter. Bank of Montreal Can now owns 26,897 shares of the bank’s stock valued at $2,216,000 after buying an additional 316 shares during the last quarter. Capstone Asset Management Co. increased its position in Bank of Hawaii Corporation by 8.5% in the first quarter. Capstone Asset Management Co. now owns 3,429 shares of the bank’s stock valued at $282,000 after buying an additional 270 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Bank of Hawaii Corporation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the bank’s stock valued at $889,000 after buying an additional 200 shares during the last quarter. Institutional investors own 75.66% of the company’s stock.

Bank of Hawaii Corporation (NYSE:BOH) opened at 78.25 on Thursday. Bank of Hawaii Corporation has a 52 week low of $70.12 and a 52 week high of $90.80. The firm has a 50-day moving average price of $81.86 and a 200 day moving average price of $81.83. The company has a market cap of $3.34 billion, a P/E ratio of 18.29 and a beta of 0.95.

Bank of Hawaii Corporation (NYSE:BOH) last posted its quarterly earnings data on Monday, July 24th. The bank reported $1.05 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 during the quarter, compared to analyst estimates of $157.76 million. During the same period in the previous year, the business earned $1.03 EPS. Analysts expect that Bank of Hawaii Corporation will post $4.43 EPS for the current fiscal 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 paid a dividend of $0.52 per share. This is a positive change from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.66%. The ex-dividend date is Tuesday, August 29th. Bank of Hawaii Corporation’s payout ratio is 46.62%.

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BOH has been the subject of several research reports. Zacks Investment Research downgraded Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Morgan Stanley raised 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. BidaskClub upgraded Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Barclays PLC restated an “equal weight” rating and issued 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. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target 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.

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

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