Russell Investments Group Ltd. decreased its holdings in Bank of Hawaii Co. (NYSE:BOH) by 21.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,738 shares of the bank’s stock after selling 5,090 shares during the period. Russell Investments Group Ltd.’s holdings in Bank of Hawaii were worth $1,562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Financial Designs Inc. ADV acquired a new position in Bank of Hawaii in the second quarter worth approximately $101,000. OppenheimerFunds Inc. acquired a new position in Bank of Hawaii in the first quarter worth approximately $200,000. HRT Financial LLC acquired a new position in Bank of Hawaii in the first quarter worth approximately $312,000. InterOcean Capital LLC acquired a new position in Bank of Hawaii in the first quarter worth approximately $316,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Bank of Hawaii in the second quarter worth approximately $359,000. Institutional investors own 75.03% of the company’s stock.

A number of equities analysts recently commented on BOH shares. Zacks Investment Research downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Monday, June 25th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank of Hawaii in a report on Friday, July 13th. Morgan Stanley increased their price objective on Bank of Hawaii from $86.00 to $87.00 and gave the stock an “underweight” rating in a report on Thursday, July 26th. Finally, ValuEngine downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Bank of Hawaii currently has an average rating of “Hold” and an average target price of $91.08.

NYSE:BOH opened at $78.70 on Friday. Bank of Hawaii Co. has a 52 week low of $77.71 and a 52 week high of $89.09. The company has a market capitalization of $3.39 billion, a P/E ratio of 17.85, a PEG ratio of 1.80 and a beta of 0.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.69 and a current ratio of 0.69.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, July 23rd. The bank reported $1.30 EPS for the quarter, hitting analysts’ consensus estimates of $1.30. The firm had revenue of $161.79 million for the quarter, compared to the consensus estimate of $164.78 million. Bank of Hawaii had a return on equity of 16.26% and a net margin of 28.32%. During the same quarter in the prior year, the company posted $1.05 earnings per share. sell-side analysts anticipate that Bank of Hawaii Co. will post 5.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were given a dividend of $0.60 per share. The ex-dividend date was Thursday, August 30th. This represents a $2.40 dividend on an annualized basis and a yield of 3.05%. Bank of Hawaii’s payout ratio is currently 54.42%.

In other Bank of Hawaii news, Director Mary G. F. Bitterman sold 367 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $81.91, for a total transaction of $30,060.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara J. Tanabe sold 613 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $83.23, for a total value of $51,019.99. The disclosure for this sale can be found here. 2.04% of the stock is owned by corporate insiders.

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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