Keybank National Association OH Reduces Holdings in Bank of Hawaii Co. (NYSE:BOH)

Keybank National Association OH lessened its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,594 shares of the bank’s stock after selling 5,676 shares during the period. Keybank National Association OH owned 0.21% of Bank of Hawaii worth $6,931,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BOH. Norges Bank purchased a new position in shares of Bank of Hawaii during the 4th quarter valued at $27,958,000. Janus Henderson Group PLC lifted its position in shares of Bank of Hawaii by 25.6% during the 2nd quarter. Janus Henderson Group PLC now owns 777,505 shares of the bank’s stock valued at $64,463,000 after buying an additional 158,556 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Bank of Hawaii during the 1st quarter valued at $9,905,000. Ellis Investment Partners LLC purchased a new position in shares of Bank of Hawaii during the 1st quarter valued at $89,000. Finally, First Trust Advisors LP lifted its position in shares of Bank of Hawaii by 15.7% during the 1st quarter. First Trust Advisors LP now owns 477,747 shares of the bank’s stock valued at $37,680,000 after buying an additional 64,857 shares during the last quarter. 75.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:BOH traded down $0.32 during midday trading on Thursday, reaching $80.79. 706 shares of the company traded hands, compared to its average volume of 193,776. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. Bank of Hawaii Co. has a 12 month low of $63.64 and a 12 month high of $85.89. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The business’s fifty day moving average price is $82.50.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, July 22nd. The bank reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. Bank of Hawaii had a return on equity of 17.85% and a net margin of 30.23%. The company had revenue of $169.55 million for the quarter, compared to analyst estimates of $167.65 million. During the same period in the previous year, the company posted $1.30 EPS. As a group, equities analysts anticipate that Bank of Hawaii Co. will post 5.59 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.22%. Bank of Hawaii’s payout ratio is 49.71%.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Compass Point lowered Bank of Hawaii from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $83.00 to $82.00 in a research note on Monday, April 22nd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Bank of Hawaii has an average rating of “Hold” and a consensus price target of $84.75.

About Bank of Hawaii

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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Institutional Ownership by Quarter for Bank of Hawaii (NYSE:BOH)

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