Janus Henderson Group PLC reduced its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 19.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,076 shares of the bank’s stock after selling 35,992 shares during the period. Janus Henderson Group PLC owned 0.35% of Bank of Hawaii worth $12,102,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new position in shares of Bank of Hawaii during the 2nd quarter worth approximately $101,000. OppenheimerFunds Inc. acquired a new position in Bank of Hawaii in the 1st quarter valued at $200,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Bank of Hawaii by 44.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,258 shares of the bank’s stock valued at $271,000 after acquiring an additional 1,002 shares during the last quarter. Violich Capital Management Inc. acquired a new position in Bank of Hawaii in the 1st quarter valued at $298,000. Finally, HRT Financial LLC acquired a new position in Bank of Hawaii in the 1st quarter valued at $312,000. Hedge funds and other institutional investors own 75.32% of the company’s stock.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded Bank of Hawaii from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Morgan Stanley boosted their price target on Bank of Hawaii from $86.00 to $87.00 and gave the company an “underweight” rating in a report on Thursday, July 26th. ValuEngine upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $89.00 price target on shares of Bank of Hawaii in a report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $91.42.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, July 23rd. The bank reported $1.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.30. The company had revenue of $161.79 million during the quarter, compared to the consensus estimate of $164.78 million. Bank of Hawaii had a return on equity of 16.26% and a net margin of 28.32%. During the same period in the previous year, the firm posted $1.05 EPS. analysts forecast that Bank of Hawaii Co. will post 5.27 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, August 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.91%. Bank of Hawaii’s payout ratio is 54.42%.
In other news, Director Barbara J. Tanabe sold 613 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $83.23, for a total transaction of $51,019.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary G. F. Bitterman sold 367 shares of the company’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $81.91, for a total value of $30,060.97. The disclosure for this sale can be found here. Corporate insiders own 2.04% of the company’s stock.
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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