Wells Fargo & Company MN increased its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 208,438 shares of the bank’s stock after buying an additional 1,490 shares during the quarter. Wells Fargo & Company MN owned about 0.49% of Bank of Hawaii worth $17,863,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Bank of Hawaii by 2.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,238,582 shares of the bank’s stock valued at $103,249,000 after buying an additional 30,082 shares during the period. American Century Companies Inc. increased its holdings in Bank of Hawaii by 17.8% in the 4th quarter. American Century Companies Inc. now owns 1,208,113 shares of the bank’s stock valued at $103,535,000 after purchasing an additional 182,235 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Bank of Hawaii by 6.6% in the 3rd quarter. Macquarie Group Ltd. now owns 1,082,303 shares of the bank’s stock valued at $90,221,000 after purchasing an additional 66,628 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Bank of Hawaii by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,036,874 shares of the bank’s stock valued at $86,434,000 after purchasing an additional 6,490 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in Bank of Hawaii by 3.7% in the 3rd quarter. Epoch Investment Partners Inc. now owns 625,081 shares of the bank’s stock valued at $52,107,000 after purchasing an additional 22,247 shares during the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.
Bank of Hawaii Co. (NYSE:BOH) opened at $86.90 on Monday. The company has a market cap of $3,678.05, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.97 and a beta of 0.84. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.66 and a quick ratio of 0.66. Bank of Hawaii Co. has a 12 month low of $74.72 and a 12 month high of $89.09.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.39%. Bank of Hawaii’s payout ratio is currently 47.93%.
Several research firms recently weighed in on BOH. Piper Jaffray Companies reiterated a “hold” rating and issued a $92.50 target price on shares of Bank of Hawaii in a report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank of Hawaii in a research note on Tuesday, February 27th. Morgan Stanley dropped their price target on shares of Bank of Hawaii from $88.00 to $86.00 and set an “underweight” rating for the company in a research note on Friday, January 26th. Finally, Barclays boosted their price target on shares of Bank of Hawaii from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $91.92.
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Bank of Hawaii Company Profile
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.
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