Capitolis Liquid Global Markets LLC Sells 82,700 Shares of Bank of Hawaii Corporation $BOH

Capitolis Liquid Global Markets LLC trimmed its holdings in Bank of Hawaii Corporation (NYSE:BOH) by 92.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,700 shares of the bank’s stock after selling 82,700 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in Bank of Hawaii were worth $440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Bank of Hawaii by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,049,452 shares of the bank’s stock valued at $68,885,000 after acquiring an additional 37,370 shares during the period. Balyasny Asset Management L.P. grew its position in Bank of Hawaii by 122.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock valued at $66,464,000 after acquiring an additional 557,148 shares during the last quarter. American Century Companies Inc. increased its stake in Bank of Hawaii by 0.3% in the third quarter. American Century Companies Inc. now owns 655,639 shares of the bank’s stock worth $43,036,000 after purchasing an additional 2,175 shares during the period. Norges Bank bought a new stake in shares of Bank of Hawaii during the second quarter worth $30,569,000. Finally, Two Sigma Investments LP lifted its position in shares of Bank of Hawaii by 163.9% during the third quarter. Two Sigma Investments LP now owns 339,827 shares of the bank’s stock worth $22,306,000 after purchasing an additional 211,076 shares during the last quarter. 82.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BOH shares. Zacks Research upgraded shares of Bank of Hawaii from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Stephens reiterated an “overweight” rating on shares of Bank of Hawaii in a report on Tuesday, January 27th. DA Davidson boosted their price objective on shares of Bank of Hawaii from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Tuesday, January 27th. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a research note on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $75.00 to $91.00 in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Bank of Hawaii currently has an average rating of “Moderate Buy” and an average target price of $81.80.

Insider Activity at Bank of Hawaii

In other news, CEO Peter S. Ho sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the sale, the chief executive officer owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. This represents a 8.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.07% of the company’s stock.

Bank of Hawaii Price Performance

BOH opened at $73.21 on Monday. Bank of Hawaii Corporation has a 12-month low of $57.44 and a 12-month high of $80.61. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $74.99 and its 200-day simple moving average is $69.37. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 0.74 and a beta of 0.73.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.14. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.The firm had revenue of $189.65 million during the quarter, compared to the consensus estimate of $184.83 million. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities research analysts anticipate that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $0.70 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.80 annualized dividend and a dividend yield of 3.8%. Bank of Hawaii’s payout ratio is currently 60.61%.

Bank of Hawaii Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.