West Coast Financial LLC decreased its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 22.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,500 shares of the bank’s stock after selling 1,300 shares during the period. West Coast Financial LLC’s holdings in Bank of Hawaii were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in Bank of Hawaii during the fourth quarter valued at approximately $214,000. Schwab Charles Investment Management Inc. lifted its position in Bank of Hawaii by 6.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 213,895 shares of the bank’s stock valued at $18,331,000 after acquiring an additional 12,033 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its position in Bank of Hawaii by 11.7% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 72,560 shares of the bank’s stock valued at $6,218,000 after acquiring an additional 7,575 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Bank of Hawaii during the third quarter valued at approximately $749,000. Finally, Walthausen & Co. LLC lifted its position in Bank of Hawaii by 12.0% during the third quarter. Walthausen & Co. LLC now owns 79,922 shares of the bank’s stock valued at $6,662,000 after acquiring an additional 8,580 shares during the last quarter. 75.66% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Piper Jaffray Companies 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. Zacks Investment Research lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $88.00 price target on shares of Bank of Hawaii in a research note on Tuesday, October 24th. Morgan Stanley restated an “underweight” rating and set a $77.00 price target (up previously from $75.00) on shares of Bank of Hawaii in a research note on Wednesday, October 4th. Finally, Barclays upped their price target on shares of 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Bank of Hawaii currently has a consensus rating of “Hold” and an average target price of $92.25.
Bank of Hawaii Co. (NYSE BOH) opened at $86.73 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.66 and a current ratio of 0.66. Bank of Hawaii Co. has a 52 week low of $74.72 and a 52 week high of $89.39. The stock has a market cap of $3,664.21, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 1.97 and a beta of 0.97.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.08. Bank of Hawaii had a net margin of 27.27% and a return on equity of 15.45%. The business had revenue of $158.73 million for the quarter, compared to analyst estimates of $163.29 million. During the same quarter in the prior year, the business posted $1.02 EPS. equities research analysts expect that Bank of Hawaii Co. will post 4.42 earnings per share for the current fiscal year.
Bank of Hawaii announced that its board has authorized a share buyback program on Monday, October 23rd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the bank to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
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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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