Louisiana State Employees Retirement System Invests $1.31 Million in Bank of Hawaii Corporation $BOH

Louisiana State Employees Retirement System acquired a new position in Bank of Hawaii Corporation (NYSE:BOH) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,600 shares of the bank’s stock, valued at approximately $1,307,000.

Other hedge funds also recently bought and sold shares of the company. Balyasny Asset Management L.P. lifted its holdings in Bank of Hawaii by 122.3% in the third 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 period. Nuveen LLC grew its stake in shares of Bank of Hawaii by 455.6% during the 4th quarter. Nuveen LLC now owns 491,187 shares of the bank’s stock valued at $33,582,000 after purchasing an additional 402,774 shares during the period. Verition Fund Management LLC increased its position in shares of Bank of Hawaii by 1,699.7% during the 3rd quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after purchasing an additional 251,063 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Bank of Hawaii by 36.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock valued at $59,166,000 after purchasing an additional 229,806 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Bank of Hawaii by 163.9% in the 3rd 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 period. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Stephens raised their price objective on shares of Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Keefe, Bruyette & Woods upped their target price on shares of Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. DA Davidson increased their price target on shares of Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Wall Street Zen cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Barclays boosted their price objective on shares of Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.40.

Bank of Hawaii Stock Down 0.1%

BOH stock opened at $82.64 on Friday. The business’s 50-day moving average price is $78.53 and its 200-day moving average price is $75.79. The stock has a market cap of $3.27 billion, a P/E ratio of 16.70, a PEG ratio of 0.87 and a beta of 0.70. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37. Bank of Hawaii Corporation has a twelve month low of $59.36 and a twelve month high of $83.81.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.The firm had revenue of $192.32 million during the quarter, compared to analysts’ expectations of $193.53 million. During the same period in the prior year, the company posted $0.97 earnings per share. On average, equities research analysts forecast that Bank of Hawaii Corporation will post 5.91 EPS for the current year.

Bank of Hawaii Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, May 29th. Bank of Hawaii’s dividend payout ratio is presently 56.57%.

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.