Bank of Hawaii Co. (BOH) Shares Sold by OxFORD Asset Management LLP
OxFORD Asset Management LLP lowered its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 4.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,954 shares of the bank’s stock after selling 1,002 shares during the period. OxFORD Asset Management LLP owned about 0.05% of Bank of Hawaii worth $1,909,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Koch Industries Inc. bought a new stake in shares of Bank of Hawaii in the 2nd quarter valued at about $364,000. Sei Investments Co. grew its position in shares of Bank of Hawaii by 2,492.0% in the 3rd quarter. Sei Investments Co. now owns 295,328 shares of the bank’s stock valued at $38,856,000 after buying an additional 283,934 shares during the last quarter. Balyasny Asset Management LLC boosted its position in shares of Bank of Hawaii by 310.2% during 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 in the last quarter. American Century Companies Inc. boosted its position in shares of Bank of Hawaii by 28.9% during the 3rd quarter. American Century Companies Inc. now owns 1,025,878 shares of the bank’s stock valued at $85,517,000 after purchasing an additional 229,779 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new stake in shares of Bank of Hawaii during the 2nd quarter valued at about $17,903,000. 75.67% of the stock is owned by institutional investors.
Several equities research analysts recently commented on BOH shares. Zacks Investment Research upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group restated a “hold” rating and set a $85.00 target price on shares of Bank of Hawaii in a research report on Friday, September 15th. Morgan Stanley restated an “underweight” rating and set a $77.00 target price (up previously from $75.00) on shares of Bank of Hawaii in a research report on Wednesday, October 4th. Piper Jaffray Companies restated a “hold” rating and set a $90.50 target price on shares of Bank of Hawaii in a research report on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $88.00 price target on shares of Bank of Hawaii in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $89.75.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 23rd. The bank reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. The firm had revenue of $158.73 million during the quarter, compared to the consensus estimate of $163.29 million. Bank of Hawaii had a return on equity of 15.45% and a net margin of 27.27%. During the same period in the prior year, the business posted $1.02 earnings per share. analysts anticipate that Bank of Hawaii Co. will post 4.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Wednesday, November 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 47.82%.
Bank of Hawaii announced that its Board of Directors has approved a stock repurchase program on Monday, October 23rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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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.
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