Country Club Trust Company n.a. decreased its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,661 shares of the bank’s stock after selling 4,972 shares during the quarter. Bank of Hawaii comprises approximately 1.8% of Country Club Trust Company n.a.’s holdings, making the stock its 15th largest position. Country Club Trust Company n.a. owned about 0.37% of Bank of Hawaii worth $13,340,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Mutual of America Capital Management LLC raised its holdings in Bank of Hawaii by 0.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 34,679 shares of the bank’s stock valued at $2,877,000 after acquiring an additional 176 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Bank of Hawaii by 1.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,782 shares of the bank’s stock valued at $1,061,000 after acquiring an additional 211 shares in the last quarter. Prudential Financial Inc. raised its holdings in Bank of Hawaii by 1.8% in the 2nd quarter. Prudential Financial Inc. now owns 26,871 shares of the bank’s stock valued at $2,229,000 after acquiring an additional 480 shares in the last quarter. Suntrust Banks Inc. raised its holdings in Bank of Hawaii by 1.7% in the 2nd quarter. Suntrust Banks Inc. now owns 36,621 shares of the bank’s stock valued at $3,038,000 after acquiring an additional 596 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in Bank of Hawaii by 7.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 8,640 shares of the bank’s stock valued at $717,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
Several research firms have commented on BOH. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $92.50 price target on shares of Bank of Hawaii in a report on Tuesday. Jefferies Group reaffirmed a “hold” rating and issued a $85.00 price target on shares of Bank of Hawaii in a report on Friday, September 15th. Zacks Investment Research cut Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $88.00 price target on shares of Bank of Hawaii in a report on Tuesday, October 24th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $77.00 target price (up from $75.00) on shares of Bank of Hawaii in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $92.25.
Shares of Bank of Hawaii Co. (NYSE:BOH) traded up $1.07 on Friday, hitting $87.87. The stock had a trading volume of 206,200 shares, compared to its average volume of 199,637. Bank of Hawaii Co. has a fifty-two week low of $74.72 and a fifty-two week high of $90.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $3,760.00, a PE ratio of 20.25, a PEG ratio of 2.15 and a beta of 0.97.
Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, October 23rd. The bank reported $1.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.08. Bank of Hawaii had a return on equity of 15.45% and a net margin of 27.27%. The business had revenue of $158.73 million during the quarter, compared to analysts’ expectations of $163.29 million. During the same period in the prior year, the firm posted $1.02 EPS. analysts anticipate that Bank of Hawaii Co. will post 4.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were issued a $0.52 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.37%. Bank of Hawaii’s payout ratio is presently 47.93%.
Bank of Hawaii declared that its Board of Directors has initiated a share buyback program on Monday, October 23rd that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the bank to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
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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