Cramer Rosenthal Mcglynn LLC lowered its position in Bank of Hawaii Co. (NYSE:BOH) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,824 shares of the bank’s stock after selling 3,520 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.42% of Bank of Hawaii worth $15,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of BOH. Quantbot Technologies LP purchased a new stake in Bank of Hawaii in the third quarter worth approximately $117,000. Tower Research Capital LLC TRC purchased a new stake in Bank of Hawaii in the fourth quarter worth approximately $144,000. Rocky Mountain Advisers LLC boosted its stake in Bank of Hawaii by 13,300.0% in the third quarter. Rocky Mountain Advisers LLC now owns 2,010 shares of the bank’s stock worth $168,000 after buying an additional 1,995 shares in the last quarter. Weil Company Inc. purchased a new stake in Bank of Hawaii in the fourth quarter worth approximately $202,000. Finally, Magnetar Financial LLC purchased a new stake in Bank of Hawaii in the third quarter worth approximately $203,000. 75.99% of the stock is owned by institutional investors and hedge funds.
Bank of Hawaii Co. (NYSE:BOH) opened at $86.32 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $3,703.87, a P/E ratio of 19.80, a P/E/G ratio of 1.98 and a beta of 0.84. Bank of Hawaii Co. has a twelve month low of $74.72 and a twelve month high of $89.09.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Investors of record on Wednesday, February 28th will be issued 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 2.41%. Bank of Hawaii’s dividend payout ratio is presently 47.93%.
Several analysts have issued reports on BOH shares. Compass Point raised Bank of Hawaii from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. Morgan Stanley boosted their price objective on Bank of Hawaii from $76.00 to $88.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $92.00 price objective on shares of Bank of Hawaii in a research report on Friday, December 22nd. Barclays boosted their price objective on Bank of Hawaii from $85.00 to $92.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research downgraded Bank of Hawaii from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Bank of Hawaii presently has an average rating of “Hold” and a consensus target price of $91.92.
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About Bank of Hawaii
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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