Renaissance Technologies LLC Has $7.99 Million Stock Position in Bank of Hawaii Corporation $BOH

Renaissance Technologies LLC reduced its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 27.8% in the 1st quarter, HoldingsChannel reports. The firm owned 107,600 shares of the bank’s stock after selling 41,500 shares during the period. Renaissance Technologies LLC’s holdings in Bank of Hawaii were worth $7,989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth approximately $27,000. SHP Wealth Management acquired a new position in shares of Bank of Hawaii in the 4th quarter worth approximately $34,000. Quarry LP boosted its holdings in shares of Bank of Hawaii by 1,497.2% in the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after acquiring an additional 539 shares in the last quarter. Strs Ohio bought a new stake in Bank of Hawaii during the 1st quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC grew its position in Bank of Hawaii by 461.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after acquiring an additional 512 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Trading Up 0.3%

Shares of NYSE BOH opened at $80.12 on Tuesday. Bank of Hawaii Corporation has a fifty-two week low of $59.36 and a fifty-two week high of $86.31. The firm has a market capitalization of $3.16 billion, a P/E ratio of 14.95, a P/E/G ratio of 0.91 and a beta of 0.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. The company’s 50 day simple moving average is $80.37 and its 200 day simple moving average is $77.69.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, July 27th. The bank reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. The firm had revenue of $196.90 million during the quarter, compared to analyst estimates of $199.51 million. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same quarter in the previous year, the business earned $1.06 EPS. On average, analysts predict that Bank of Hawaii Corporation will post 5.88 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Bank of Hawaii’s payout ratio is 52.24%.

Analyst Ratings Changes

Several brokerages have issued reports on BOH. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of Hawaii in a research report on Friday, July 24th. Keefe, Bruyette & Woods decreased their target price on Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating on the stock in a report on Monday. DA Davidson raised their target price on Bank of Hawaii from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Stephens lifted their price target on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Zacks Research downgraded shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.20.

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.