Schroder Investment Management Group boosted its stake in Bank of Hawaii Co. (NYSE:BOH) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,001 shares of the bank’s stock after purchasing an additional 1,443 shares during the period. Schroder Investment Management Group’s holdings in Bank of Hawaii were worth $771,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Bank of Hawaii during the third quarter worth about $117,000. Rocky Mountain Advisers LLC grew its stake in Bank of Hawaii by 13,300.0% during the third quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock valued at $168,000 after acquiring an additional 1,995 shares in the last quarter. Magnetar Financial LLC bought a new stake in Bank of Hawaii during the third quarter valued at approximately $203,000. State of Alaska Department of Revenue bought a new stake in Bank of Hawaii during the fourth quarter valued at approximately $214,000. Finally, Trexquant Investment LP bought a new stake in Bank of Hawaii during the third quarter valued at approximately $240,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Compass Point raised shares of Bank of Hawaii from a “neutral” rating to a “buy” rating in a research report on Monday, December 18th. Morgan Stanley upped their target price on shares of Bank of Hawaii from $76.00 to $88.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 13th. Piper Jaffray Companies restated a “hold” rating and set a $92.50 target price on shares of Bank of Hawaii in a research note on Tuesday, January 9th. Finally, Barclays increased their price objective on shares of Bank of Hawaii from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Bank of Hawaii presently has a consensus rating of “Hold” and a consensus price target of $91.92.
Shares of Bank of Hawaii Co. (BOH) traded down $0.97 on Wednesday, reaching $85.35. The company had a trading volume of 216,849 shares, compared to its average volume of 238,669. The company has a market capitalization of $3,703.87, a P/E ratio of 19.89, a PEG ratio of 1.98 and a beta of 0.84. Bank of Hawaii Co. has a 12 month low of $74.72 and a 12 month high of $89.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 0.66.
Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.08). The business had revenue of $160.63 million for the quarter, compared to the consensus estimate of $162.90 million. Bank of Hawaii had a return on equity of 15.48% and a net margin of 26.80%. During the same quarter last year, the business posted $1.02 earnings per share. sell-side analysts anticipate that Bank of Hawaii Co. will post 5.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th will be paid a $0.52 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $2.08 annualized dividend and a yield of 2.44%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 47.93%.
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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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