Bank of Hawaii Corporation $BOH Holdings Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in Bank of Hawaii Corporation (NYSE:BOH) by 35.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 35,098 shares of the bank’s stock after selling 19,066 shares during the quarter. New York State Teachers Retirement System’s holdings in Bank of Hawaii were worth $2,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BOH. Vanguard Group Inc. boosted its position in shares of Bank of Hawaii by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock worth $312,139,000 after buying an additional 26,821 shares during the period. Dimensional Fund Advisors LP raised its stake in Bank of Hawaii by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,517 shares of the bank’s stock valued at $74,149,000 after acquiring an additional 35,065 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Bank of Hawaii by 122.3% during 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in Bank of Hawaii by 36.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock worth $59,166,000 after acquiring an additional 229,806 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Bank of Hawaii by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 512,552 shares of the bank’s stock worth $35,043,000 after acquiring an additional 1,592 shares during the period. Institutional investors own 82.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on BOH shares. Stephens raised their price target on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Zacks Research cut shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. DA Davidson raised their target price on shares of Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Hawaii presently has a consensus rating of “Hold” and an average target price of $85.80.

Bank of Hawaii Trading Up 1.3%

Shares of Bank of Hawaii stock opened at $81.96 on Friday. The business has a fifty day simple moving average of $78.87 and a 200-day simple moving average of $76.17. Bank of Hawaii Corporation has a fifty-two week low of $59.36 and a fifty-two week high of $83.81. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 0.86 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 (NYSE:BOH) last released its earnings results on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $193.53 million. During the same period in the previous year, the firm earned $0.97 earnings per share. On average, equities analysts forecast that Bank of Hawaii Corporation will post 5.89 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.4%. Bank of Hawaii’s payout ratio is currently 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.