Profund Advisors LLC cut its stake in Bank of Hawaii Corporation (NYSE:BOH) by 34.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,006 shares of the bank’s stock after selling 2,594 shares during the period. Profund Advisors LLC’s holdings in Bank of Hawaii Corporation were worth $415,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BOH. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Bank of Hawaii Corporation by 30.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,526 shares of the bank’s stock valued at $126,000 after acquiring an additional 355 shares during the last quarter. World Asset Management Inc increased its position in shares of Bank of Hawaii Corporation by 0.7% during the 1st quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock valued at $216,000 after purchasing an additional 18 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Bank of Hawaii Corporation by 18.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 34,157 shares of the bank’s stock valued at $2,813,000 after purchasing an additional 5,421 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Bank of Hawaii Corporation by 4.0% during the 1st quarter. Ameriprise Financial Inc. now owns 119,043 shares of the bank’s stock valued at $9,804,000 after purchasing an additional 4,622 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Bank of Hawaii Corporation by 18.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 96,107 shares of the bank’s stock valued at $7,915,000 after purchasing an additional 14,758 shares during the last quarter. Institutional investors own 75.61% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Profund Advisors LLC Cuts Position in Bank of Hawaii Corporation (BOH)” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/profund-advisors-llc-cuts-position-in-bank-of-hawaii-corporation-boh/1606979.html.

In other news, insider Donna A. Tanoue sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $76.88, for a total transaction of $461,280.00. Following the completion of the transaction, the insider now directly owns 9,969 shares in the company, valued at approximately $766,416.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Donna A. Tanoue sold 4,050 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $76.15, for a total value of $308,407.50. Following the transaction, the insider now owns 9,969 shares of the company’s stock, valued at $759,139.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,235 shares of company stock worth $860,767. Corporate insiders own 2.16% of the company’s stock.

Shares of Bank of Hawaii Corporation (BOH) opened at 84.02 on Wednesday. The company has a market capitalization of $3.58 billion, a P/E ratio of 19.64 and a beta of 0.99. Bank of Hawaii Corporation has a 1-year low of $71.78 and a 1-year high of $90.80. The firm has a 50-day moving average of $79.69 and a 200 day moving average of $80.85.

Bank of Hawaii Corporation (NYSE:BOH) last announced its quarterly earnings results on Monday, July 24th. The bank reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. The company had revenue of $157.52 million during the quarter, compared to analyst estimates of $157.76 million. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. During the same period in the prior year, the company earned $1.03 earnings per share. On average, analysts anticipate that Bank of Hawaii Corporation will post $4.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a $0.52 dividend. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $2.08 dividend on an annualized basis and a yield of 2.48%. Bank of Hawaii Corporation’s payout ratio is presently 48.48%.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Monday, July 10th. Barclays PLC boosted their target price on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 25th. BidaskClub raised Bank of Hawaii Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $94.00 target price on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $85.00 price target on shares of Bank of Hawaii Corporation in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $86.40.

About Bank of Hawaii Corporation

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

Institutional Ownership by Quarter for Bank of Hawaii Corporation (NYSE:BOH)

Receive News & Ratings for Bank of Hawaii Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.