Kayne Anderson Rudnick Investment Management LLC grew its holdings in Bank of Hawaii (NYSE:BOH) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,283,935 shares of the bank’s stock after purchasing an additional 35,702 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Bank of Hawaii were worth $106,695,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Teachers Retirement System of The State of Kentucky raised its position in shares of Bank of Hawaii by 7.8% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 8,340 shares of the bank’s stock valued at $715,000 after purchasing an additional 600 shares during the period. American International Group Inc. grew its stake in Bank of Hawaii by 0.7% during the fourth quarter. American International Group Inc. now owns 87,885 shares of the bank’s stock valued at $7,532,000 after acquiring an additional 621 shares in the last quarter. Flinton Capital Management LLC grew its stake in Bank of Hawaii by 14.6% during the fourth quarter. Flinton Capital Management LLC now owns 5,712 shares of the bank’s stock valued at $490,000 after acquiring an additional 728 shares in the last quarter. Profund Advisors LLC grew its stake in Bank of Hawaii by 17.4% during the fourth quarter. Profund Advisors LLC now owns 6,591 shares of the bank’s stock valued at $565,000 after acquiring an additional 978 shares in the last quarter. Finally, BB&T Securities LLC grew its stake in Bank of Hawaii by 8.4% during the fourth quarter. BB&T Securities LLC now owns 12,618 shares of the bank’s stock valued at $1,081,000 after acquiring an additional 981 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.
Shares of Bank of Hawaii opened at $86.39 on Tuesday, Marketbeat reports. The company has a market cap of $3.59 billion, a P/E ratio of 19.59, a PEG ratio of 1.90 and a beta of 0.82. Bank of Hawaii 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 0.19, a current ratio of 0.67 and a quick ratio of 0.67.
Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, April 23rd. The bank reported $1.28 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.05. Bank of Hawaii had a net margin of 27.19% and a return on equity of 15.56%. The business had revenue of $162.99 million during the quarter, compared to analysts’ expectations of $160.91 million. During the same quarter in the previous year, the company earned $1.20 EPS. equities research analysts anticipate that Bank of Hawaii will post 5.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Wednesday, May 30th. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.52. Bank of Hawaii’s payout ratio is currently 47.17%.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Bank of Hawaii from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Tuesday, April 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Bank of Hawaii in a research note on Tuesday, February 27th. Finally, Morgan Stanley reduced their price objective on shares of 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $90.92.
Bank of Hawaii Company 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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