Bank of Hawaii Co. (BOH) Stake Lowered by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Bank of Hawaii Co. (NYSE:BOH) by 25.2% during the third quarter, HoldingsChannel reports. The firm owned 8,539 shares of the bank’s stock after selling 2,870 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Bank of Hawaii were worth $674,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of Bank of Hawaii in the 2nd quarter worth $100,000. Point72 Asset Management L.P. bought a new position in shares of Bank of Hawaii in the 2nd quarter worth $125,000. Columbia Asset Management bought a new position in shares of Bank of Hawaii in the 3rd quarter worth $118,000. Associated Banc Corp bought a new position in Bank of Hawaii during the 3rd quarter valued at $224,000. Finally, Laurion Capital Management LP bought a new position in Bank of Hawaii during the 2nd quarter valued at $249,000. Institutional investors own 76.46% of the company’s stock.
Several equities analysts have weighed in on the company. ValuEngine upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Zacks Investment Research upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, Morgan Stanley dropped their price objective on Bank of Hawaii from $87.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 18th. 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 currently has an average rating of “Hold” and a consensus target price of $90.90.
Shares of NYSE:BOH opened at $76.28 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. Bank of Hawaii Co. has a 1-year low of $72.85 and a 1-year high of $89.09. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 1.93 and a beta of 0.59.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 22nd. The bank reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.02. Bank of Hawaii had a return on equity of 17.07% and a net margin of 29.49%. The business had revenue of $164.41 million for the quarter, compared to analysts’ expectations of $165.69 million. During the same period last year, the business earned $1.08 EPS. As a group, sell-side analysts forecast that Bank of Hawaii Co. will post 5.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, November 29th. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a yield of 3.25%. Bank of Hawaii’s dividend payout ratio (DPR) is 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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