Cramer Rosenthal Mcglynn LLC trimmed its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,824 shares of the bank’s stock after selling 3,520 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.42% of Bank of Hawaii worth $15,411,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Bank of Hawaii during the third quarter worth $117,000. Tower Research Capital LLC TRC bought a new stake in shares of Bank of Hawaii during the fourth quarter worth $144,000. Rocky Mountain Advisers LLC lifted its position in shares of 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 worth $168,000 after purchasing an additional 1,995 shares during the last quarter. Weil Company Inc. bought a new stake in shares of Bank of Hawaii during the fourth quarter worth $202,000. Finally, Magnetar Financial LLC bought a new stake in shares of Bank of Hawaii during the third quarter worth $203,000. Institutional investors and hedge funds own 75.99% of the company’s stock.
Several research firms have recently weighed in on BOH. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Bank of Hawaii in a research report on Tuesday, February 27th. Zacks Investment Research downgraded Bank of Hawaii from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Barclays lifted their target price on Bank of Hawaii from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Piper Jaffray Companies restated a “hold” rating and issued a $92.50 price objective on shares of Bank of Hawaii in a report on Tuesday, January 9th. Finally, Morgan Stanley decreased their price objective on Bank of Hawaii from $88.00 to $86.00 and set an “underweight” rating for the company in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $91.92.
BOH stock traded up $0.93 during mid-day trading on Wednesday, hitting $86.01. The company had a trading volume of 177,759 shares, compared to its average volume of 281,249. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $3,642.07, a P/E ratio of 19.47, a P/E/G ratio of 1.95 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.
Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data 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 firm had revenue of $160.63 million during the quarter, compared to the consensus estimate of $162.90 million. Bank of Hawaii had a net margin of 26.80% and a return on equity of 15.48%. During the same quarter in the previous year, the firm earned $1.02 earnings per share. analysts predict that Bank of Hawaii Co. will post 5.19 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Shareholders of record on Wednesday, February 28th were issued a $0.52 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $2.08 dividend on an annualized basis and a yield of 2.42%. Bank of Hawaii’s dividend payout ratio is presently 47.93%.
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About Bank of Hawaii
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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