Bank of Hawaii Co. (BOH) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale grew its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 42.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 12,702 shares of the bank’s stock after acquiring an additional 3,802 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Bank of Hawaii were worth $1,055,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. BNP Paribas Arbitrage SA increased its stake in Bank of Hawaii by 79.0% during the second quarter. BNP Paribas Arbitrage SA now owns 15,218 shares of the bank’s stock valued at $1,269,000 after purchasing an additional 6,717 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Bank of Hawaii by 14.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 156,786 shares of the bank’s stock worth $13,079,000 after acquiring an additional 20,165 shares during the last quarter. Dupont Capital Management Corp grew its position in shares of Bank of Hawaii by 12.6% during the second quarter. Dupont Capital Management Corp now owns 12,766 shares of the bank’s stock worth $1,065,000 after acquiring an additional 1,425 shares during the last quarter. Aperio Group LLC grew its position in shares of Bank of Hawaii by 19.6% during the second quarter. Aperio Group LLC now owns 69,312 shares of the bank’s stock worth $5,782,000 after acquiring an additional 11,357 shares during the last quarter. Finally, Alps Advisors Inc. bought a new position in shares of Bank of Hawaii during the second quarter worth about $514,000. Hedge funds and other institutional investors own 76.46% of the company’s stock.
Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Morgan Stanley lowered their price target on shares of Bank of Hawaii from $87.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, September 18th. Finally, Zacks Investment Research upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $90.90.
Bank of Hawaii stock opened at $76.28 on Friday. The stock has a market cap of $3.19 billion, a PE ratio of 17.30, a PEG ratio of 1.93 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.68 and a quick ratio of 0.68. Bank of Hawaii Co. has a one year low of $72.85 and a one year high of $89.09.
Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, October 22nd. The bank reported $1.36 EPS for the quarter, topping the consensus estimate of $1.34 by $0.02. The business had revenue of $164.41 million during the quarter, compared to analyst estimates of $165.69 million. Bank of Hawaii had a net margin of 29.49% and a return on equity of 17.07%. During the same quarter in the prior year, the firm earned $1.08 earnings per share. Equities research analysts predict that Bank of Hawaii Co. will post 5.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.62 dividend. The ex-dividend date is Thursday, November 29th. This represents a $2.48 annualized dividend and a yield of 3.25%. This is an increase from Bank of Hawaii’s previous quarterly dividend of $0.60. Bank of Hawaii’s dividend payout ratio is presently 56.24%.
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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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