Raymond James & Associates boosted its holdings in Bank of Hawaii (NYSE:BOH) by 17.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,129 shares of the bank’s stock after purchasing an additional 1,993 shares during the quarter. Raymond James & Associates’ holdings in Bank of Hawaii were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in BOH. New York State Common Retirement Fund increased its stake in Bank of Hawaii by 2.7% in the third quarter. New York State Common Retirement Fund now owns 94,500 shares of the bank’s stock valued at $7,878,000 after purchasing an additional 2,500 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Bank of Hawaii by 0.9% in the third quarter. Ameriprise Financial Inc. now owns 126,222 shares of the bank’s stock valued at $10,522,000 after purchasing an additional 1,168 shares during the last quarter. Legal & General Group Plc increased its stake in Bank of Hawaii by 9.6% in the third quarter. Legal & General Group Plc now owns 52,082 shares of the bank’s stock valued at $4,342,000 after purchasing an additional 4,570 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Bank of Hawaii by 6.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 201,862 shares of the bank’s stock valued at $16,828,000 after purchasing an additional 11,829 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Bank of Hawaii by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,036,874 shares of the bank’s stock valued at $86,434,000 after purchasing an additional 6,490 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.
Several equities analysts recently commented on BOH shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $92.00 target price on shares of Bank of Hawaii in a research note on Friday, December 22nd. Zacks Investment Research lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Barclays upped their target price on Bank of Hawaii from $85.00 to $92.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Piper Jaffray restated a “hold” rating and set a $92.50 price target on shares of Bank of Hawaii in a research note on Tuesday, January 9th. Finally, Morgan Stanley dropped their price target on Bank of Hawaii from $88.00 to $86.00 and set an “underweight” rating for the company in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $90.92.
Shares of NYSE:BOH opened at $83.35 on Friday. The stock has a market cap of $3,502.40, a price-to-earnings ratio of 18.90, a PEG ratio of 1.87 and a beta of 0.80. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.21. Bank of Hawaii has a 12 month low of $74.72 and a 12 month high of $89.09.
Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $1.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.08). The firm had revenue of $160.63 million for the quarter, compared to analyst estimates 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 in the prior year, the company earned $1.02 earnings per share. research analysts predict that Bank of Hawaii will post 5.22 EPS for the current fiscal year.
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Bank of Hawaii Profile
Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.
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