Envestnet Asset Management Inc. Has $391,000 Holdings in Bank of Hawaii Co. (BOH)
Envestnet Asset Management Inc. trimmed its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 17.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,691 shares of the bank’s stock after selling 1,021 shares during the period. Envestnet Asset Management Inc.’s holdings in Bank of Hawaii were worth $391,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Alps Advisors Inc. acquired a new position in Bank of Hawaii during the 2nd quarter valued at about $514,000. Schwab Charles Investment Management Inc. boosted its stake in Bank of Hawaii by 4.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 223,187 shares of the bank’s stock valued at $18,547,000 after purchasing an additional 9,292 shares during the period. SG Americas Securities LLC boosted its stake in Bank of Hawaii by 172.3% during the 2nd quarter. SG Americas Securities LLC now owns 20,736 shares of the bank’s stock valued at $1,730,000 after purchasing an additional 13,121 shares during the period. Sei Investments Co. boosted its stake in Bank of Hawaii by 1,862.2% during the 2nd quarter. Sei Investments Co. now owns 33,651 shares of the bank’s stock valued at $2,807,000 after purchasing an additional 31,936 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Bank of Hawaii by 2.8% during the 2nd quarter. Wells Fargo & Company MN now owns 210,941 shares of the bank’s stock valued at $17,597,000 after purchasing an additional 5,766 shares during the period. 75.03% of the stock is owned by hedge funds and other institutional investors.
BOH has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Monday, June 25th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Bank of Hawaii in a research note on Friday, July 13th. Morgan Stanley boosted their target price on shares of Bank of Hawaii from $86.00 to $87.00 and gave the company an “underweight” rating in a research note on Thursday, July 26th. Finally, ValuEngine lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $91.08.
Shares of NYSE:BOH opened at $81.50 on Monday. The company has a market capitalization of $3.43 billion, a PE ratio of 17.16, a P/E/G ratio of 1.82 and a beta of 0.68. Bank of Hawaii Co. has a twelve month low of $77.71 and a twelve month high of $89.09. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.19.
Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, July 23rd. The bank reported $1.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.30. The company had revenue of $161.79 million during the quarter, compared to analyst estimates of $164.78 million. Bank of Hawaii had a net margin of 28.32% and a return on equity of 16.26%. During the same period in the prior year, the business posted $1.05 EPS. equities analysts forecast that Bank of Hawaii Co. will post 5.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Friday, August 31st were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Thursday, August 30th. Bank of Hawaii’s dividend payout ratio is currently 54.42%.
Bank of Hawaii 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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