Bank of New York Mellon Corp Sells 11,328 Shares of Bank of Hawaii Corporation $BOH

Bank of New York Mellon Corp lessened its stake in shares of Bank of Hawaii Corporation (NYSE:BOH) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 461,450 shares of the bank’s stock after selling 11,328 shares during the period. Bank of New York Mellon Corp’s holdings in Bank of Hawaii were worth $34,263,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Balyasny Asset Management L.P. lifted its stake in shares of Bank of Hawaii by 122.3% in the third quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock worth $66,464,000 after buying an additional 557,148 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in Bank of Hawaii in the 1st quarter valued at $34,385,000. Nuveen LLC raised its holdings in Bank of Hawaii by 455.6% in the 4th quarter. Nuveen LLC now owns 491,187 shares of the bank’s stock worth $33,582,000 after acquiring an additional 402,774 shares during the period. Verition Fund Management LLC raised its holdings in Bank of Hawaii by 1,699.7% in the 3rd quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock worth $17,449,000 after acquiring an additional 251,063 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Bank of Hawaii by 36.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock worth $59,166,000 after acquiring an additional 229,806 shares during the last quarter. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Trading Up 0.2%

Bank of Hawaii stock opened at $84.12 on Monday. The business has a 50 day moving average price of $80.09 and a two-hundred day moving average price of $77.28. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70. Bank of Hawaii Corporation has a 12 month low of $59.36 and a 12 month high of $86.31.

Analysts Set New Price Targets

BOH has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Stephens boosted their price objective on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Barclays lifted their price target on Bank of Hawaii from $86.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Benchmark initiated coverage on Bank of Hawaii in a report on Wednesday, July 8th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.80.

Bank of Hawaii Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.