Royce & Associates LP lessened its stake in Bank of Hawaii Co. (NYSE:BOH) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 299,365 shares of the bank’s stock after selling 12,636 shares during the quarter. Royce & Associates LP owned approximately 0.70% of Bank of Hawaii worth $24,955,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Alps Advisors Inc. raised its holdings in shares of Bank of Hawaii by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,667 shares of the bank’s stock worth $470,000 after purchasing an additional 15 shares during the period. World Asset Management Inc raised its holdings in shares of Bank of Hawaii by 1.4% in the 2nd quarter. World Asset Management Inc now owns 2,660 shares of the bank’s stock worth $221,000 after purchasing an additional 36 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Bank of Hawaii by 1.2% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,436 shares of the bank’s stock worth $512,000 after purchasing an additional 87 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Bank of Hawaii by 0.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 25,591 shares of the bank’s stock worth $2,122,000 after purchasing an additional 146 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Bank of Hawaii by 0.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 34,679 shares of the bank’s stock worth $2,877,000 after purchasing an additional 176 shares during the period. 75.60% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Morgan Stanley reiterated an “underweight” rating and issued a $77.00 price objective (up from $75.00) on shares of Bank of Hawaii in a research note on Wednesday, October 4th. Jefferies Group reiterated a “hold” rating and issued a $92.00 price objective on shares of Bank of Hawaii in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $88.00 price objective on shares of Bank of Hawaii in a research note on Tuesday, October 24th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $90.50 price objective on shares of Bank of Hawaii in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Bank of Hawaii presently has a consensus rating of “Hold” and an average target price of $87.92.

Bank of Hawaii Co. (NYSE BOH) opened at $84.45 on Friday. Bank of Hawaii Co. has a one year low of $74.72 and a one year high of $90.80. The firm has a market cap of $3,587.35, a P/E ratio of 19.41, a P/E/G ratio of 2.25 and a beta of 0.97. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.22.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, October 23rd. The bank reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. Bank of Hawaii had a net margin of 27.27% and a return on equity of 15.45%. The business had revenue of $158.73 million during the quarter, compared to analyst estimates of $163.29 million. During the same period in the previous year, the business earned $1.02 EPS. equities analysts predict that Bank of Hawaii Co. will post 4.42 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.08 dividend on an annualized basis and a yield of 2.46%. Bank of Hawaii’s dividend payout ratio is 47.82%.

Bank of Hawaii declared that its board has approved a share repurchase plan on Monday, October 23rd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the bank to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, insider Donna A. Tanoue sold 4,050 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $76.15, for a total transaction of $308,407.50. Following the completion of the transaction, the insider now directly owns 9,969 shares in the company, valued at approximately $759,139.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Donna A. Tanoue sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $76.88, for a total transaction of $461,280.00. Following the transaction, the insider now owns 9,969 shares of the company’s stock, valued at $766,416.72. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by insiders.

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Bank of Hawaii 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 (NYSE:BOH)

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