Bank of Hawaii Corporation (BOH) Shares Bought by BlackRock Group LTD
BlackRock Group LTD raised its position in Bank of Hawaii Corporation (NYSE:BOH) by 28.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,876 shares of the company’s stock after buying an additional 22,030 shares during the period. BlackRock Group LTD’s holdings in Bank of Hawaii Corporation were worth $7,180,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in BOH. M&T Bank Corp raised its stake in Bank of Hawaii Corporation by 0.3% in the third quarter. M&T Bank Corp now owns 5,387 shares of the company’s stock worth $391,000 after buying an additional 16 shares in the last quarter. Sei Investments Co. raised its stake in Bank of Hawaii Corporation by 1.2% in the third quarter. Sei Investments Co. now owns 10,403 shares of the company’s stock worth $756,000 after buying an additional 123 shares in the last quarter. United Services Automobile Association raised its stake in Bank of Hawaii Corporation by 2.6% in the second quarter. United Services Automobile Association now owns 5,590 shares of the company’s stock worth $385,000 after buying an additional 140 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in Bank of Hawaii Corporation by 4.9% in the third quarter. Independent Portfolio Consultants Inc. now owns 3,225 shares of the company’s stock worth $234,000 after buying an additional 150 shares in the last quarter. Finally, Calvert Investment Management Inc. raised its stake in Bank of Hawaii Corporation by 4.8% in the second quarter. Calvert Investment Management Inc. now owns 3,392 shares of the company’s stock worth $233,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 78.45% of the company’s stock.
Bank of Hawaii Corporation (NYSE:BOH) opened at 89.46 on Friday. Bank of Hawaii Corporation has a 12 month low of $54.55 and a 12 month high of $90.80. The stock has a market capitalization of $3.82 billion, a P/E ratio of 21.30 and a beta of 0.92. The company’s 50-day moving average is $87.60 and its 200-day moving average is $76.25.
Bank of Hawaii Corporation (NYSE:BOH) last issued its earnings results on Monday, October 24th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.03. Bank of Hawaii Corporation had a net margin of 27.91% and a return on equity of 15.80%. During the same period last year, the firm posted $0.79 EPS. Equities analysts anticipate that Bank of Hawaii Corporation will post $4.23 earnings per share for the current year.
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A number of research firms have recently issued reports on BOH. Zacks Investment Research lowered shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Barclays PLC boosted their price target on shares of Bank of Hawaii Corporation from $71.00 to $73.00 and gave the company an “equal weight” rating in a report on Tuesday, October 25th. Eight equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $73.38.
In other news, Director Barbara J. Tanabe sold 3,550 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $73.88, for a total value of $262,274.00. Following the transaction, the director now owns 7,974 shares of the company’s stock, valued at approximately $589,119.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.52% of the stock is currently owned by insiders.
Bank of Hawaii Corporation 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 services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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