Goldman Sachs Group Inc. decreased its position in Bank of Hawaii Corporation (NYSE:BOH) by 27.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 232,799 shares of the bank’s stock after selling 90,059 shares during the quarter. Goldman Sachs Group Inc. owned about 0.55% of Bank of Hawaii Corporation worth $19,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Balyasny Asset Management LLC raised its stake in Bank of Hawaii Corporation by 310.2% in the 2nd quarter. Balyasny Asset Management LLC now owns 322,774 shares of the bank’s stock valued at $26,781,000 after purchasing an additional 244,085 shares during the last quarter. Stifel Financial Corp raised its stake in Bank of Hawaii Corporation by 8.3% in the 2nd quarter. Stifel Financial Corp now owns 29,272 shares of the bank’s stock valued at $2,422,000 after purchasing an additional 2,231 shares during the last quarter. Bank of Hawaii raised its stake in Bank of Hawaii Corporation by 8.7% in the 2nd quarter. Bank of Hawaii now owns 36,677 shares of the bank’s stock valued at $3,043,000 after purchasing an additional 2,924 shares during the last quarter. OxFORD Asset Management LLP raised its stake in Bank of Hawaii Corporation by 116.5% in the 2nd quarter. OxFORD Asset Management LLP now owns 23,956 shares of the bank’s stock valued at $1,988,000 after purchasing an additional 12,890 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in Bank of Hawaii Corporation by 16.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 602,834 shares of the bank’s stock valued at $50,017,000 after purchasing an additional 86,229 shares during the last quarter. 75.61% of the stock is owned by hedge funds and other institutional investors.

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In other Bank of Hawaii Corporation news, insider Donna A. Tanoue sold 1,185 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $76.86, for a total value of $91,079.10. Following the sale, the insider now owns 15,204 shares in the company, valued at $1,168,579.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Donna A. Tanoue sold 4,050 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $76.15, for a total transaction of $308,407.50. Following the completion of the sale, the insider now owns 9,969 shares in the company, valued at approximately $759,139.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,235 shares of company stock worth $860,767. Corporate insiders own 2.16% of the company’s stock.

Several research analysts recently weighed in on the stock. BidaskClub downgraded shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and issued a $85.00 target price on shares of Bank of Hawaii Corporation in a research note on Friday, September 15th. Zacks Investment Research downgraded shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays PLC reissued 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. Finally, Morgan Stanley reissued an “underweight” rating and issued a $77.00 target price (up previously from $75.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Bank of Hawaii Corporation currently has a consensus rating of “Hold” and an average price target of $88.60.

Shares of Bank of Hawaii Corporation (BOH) opened at 83.09 on Friday. The stock has a market cap of $3.54 billion, a PE ratio of 19.42 and a beta of 0.99. Bank of Hawaii Corporation has a 12-month low of $72.57 and a 12-month high of $90.80. The firm has a 50-day moving average price of $80.71 and a 200 day moving average price of $81.07.

Bank of Hawaii Corporation (NYSE:BOH) last announced its quarterly earnings results on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. The company had revenue of $157.52 million for the quarter, compared to analysts’ expectations of $157.76 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. Equities research analysts predict that Bank of Hawaii Corporation will post $4.42 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was 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 is 48.48%.

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

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