Retirement Systems of Alabama trimmed its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,438 shares of the bank’s stock after selling 179 shares during the period. Retirement Systems of Alabama owned about 0.29% of Bank of Hawaii worth $8,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new position in shares of Bank of Hawaii during the second quarter valued at about $100,000. TLP Group LLC bought a new position in shares of Bank of Hawaii during the third quarter valued at about $116,000. Columbia Asset Management bought a new position in shares of Bank of Hawaii during the third quarter valued at about $118,000. Point72 Asset Management L.P. bought a new position in shares of Bank of Hawaii during the second quarter valued at about $125,000. Finally, Associated Banc Corp bought a new position in shares of Bank of Hawaii during the third quarter valued at about $224,000. Institutional investors and hedge funds own 76.36% of the company’s stock.

In related news, Director Barbara J. Tanabe sold 500 shares of the stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $80.00, for a total value of $40,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.04% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on BOH shares. Barclays reaffirmed a “hold” rating and set a $85.00 price objective on shares of Bank of Hawaii in a research note on Friday. ValuEngine raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th. Zacks Investment Research raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, Morgan Stanley lowered their price objective on shares of Bank of Hawaii from $84.00 to $80.00 and set an “underweight” rating for the company in a research note on Tuesday, December 11th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company has an average rating of “Sell” and an average price target of $87.50.

BOH stock opened at $72.56 on Monday. Bank of Hawaii Co. has a 1 year low of $63.64 and a 1 year high of $89.09. The stock has a market capitalization of $3.02 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.72 and a beta of 0.77. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.15.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, October 22nd. The bank reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.02. Bank of Hawaii had a net margin of 29.49% and a return on equity of 17.07%. The company had revenue of $164.41 million during the quarter, compared to the consensus estimate of $165.69 million. During the same period in the prior year, the firm earned $1.08 earnings per share. On average, equities analysts anticipate that Bank of Hawaii Co. will post 5.28 earnings per share for the current fiscal year.

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About Bank of Hawaii

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

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