M&T Bank Corp grew its position in Bank of Hawaii Corporation (NYSE:BOH) by 13.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,526 shares of the bank’s stock after buying an additional 637 shares during the period. M&T Bank Corp’s holdings in Bank of Hawaii Corporation were worth $459,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of BOH. BlackRock Inc. raised its holdings in Bank of Hawaii Corporation by 11,412.9% in the first quarter. BlackRock Inc. now owns 5,822,179 shares of the bank’s stock worth $479,514,000 after buying an additional 5,771,608 shares during the last quarter. State Street Corp grew its stake in shares of Bank of Hawaii Corporation by 17.3% in the first quarter. State Street Corp now owns 1,994,913 shares of the bank’s stock worth $164,305,000 after acquiring an additional 294,607 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Bank of Hawaii Corporation in the first quarter worth approximately $15,851,000. Vanguard Group Inc. grew its stake in shares of Bank of Hawaii Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 3,595,900 shares of the bank’s stock worth $296,158,000 after acquiring an additional 144,229 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Bank of Hawaii Corporation by 9.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,208,500 shares of the bank’s stock worth $100,270,000 after acquiring an additional 101,583 shares during the period. 75.61% of the stock is owned by institutional investors and hedge funds.
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BOH has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Monday, July 10th. Barclays PLC lifted their price target on shares of Bank of Hawaii Corporation from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 25th. Jefferies Group LLC reiterated a “hold” rating and issued a $85.00 price target on shares of Bank of Hawaii Corporation in a research note on Friday, September 15th. BidaskClub upgraded shares of Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $94.00 price target on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $86.80.
Shares of Bank of Hawaii Corporation (BOH) opened at 84.40 on Friday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 19.72 and a beta of 0.99. The stock has a 50 day moving average of $80.00 and a 200-day moving average of $80.90. Bank of Hawaii Corporation has a 52 week low of $71.78 and a 52 week high of $90.80.
Bank of Hawaii Corporation (NYSE:BOH) last issued its quarterly earnings data on Monday, July 24th. The bank reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. The business had revenue of $157.52 million for the quarter, compared to analysts’ expectations of $157.76 million. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. During the same quarter last year, the company earned $1.03 EPS. On average, analysts anticipate that Bank of Hawaii Corporation will post $4.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.52 per share. This is a boost from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.46%. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is presently 48.48%.
In other news, insider Donna A. Tanoue sold 4,050 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 9,969 shares of the company’s stock, valued at approximately $759,139.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donna A. Tanoue sold 1,185 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $76.86, for a total transaction of $91,079.10. Following the sale, the insider now directly owns 15,204 shares in the company, valued at approximately $1,168,579.44. The disclosure for this sale can be found here. Insiders have sold a total of 11,235 shares of company stock worth $860,767 in the last ninety days. Corporate insiders own 2.16% of the company’s stock.
Bank of Hawaii Corporation 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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