Probity Advisors Inc. Sells 32 Shares of Bank of Hawaii Corporation (BOH)

Probity Advisors Inc. lowered its stake in shares of Bank of Hawaii Corporation (NYSE:BOH) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,464 shares of the bank’s stock after selling 32 shares during the period. Probity Advisors Inc.’s holdings in Bank of Hawaii Corporation were worth $785,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BOH. Crestwood Advisors Group LLC increased its stake in shares of Bank of Hawaii Corporation by 0.6% in the first quarter. Crestwood Advisors Group LLC now owns 2,469 shares of the bank’s stock worth $203,000 after buying an additional 15 shares during the period. World Asset Management Inc boosted its position in Bank of Hawaii Corporation by 0.7% in the first quarter. World Asset Management Inc now owns 2,624 shares of the bank’s stock worth $216,000 after buying an additional 18 shares in the last quarter. Creative Planning boosted its position in Bank of Hawaii Corporation by 4.2% in the first quarter. Creative Planning now owns 1,628 shares of the bank’s stock worth $134,000 after buying an additional 65 shares in the last quarter. State Treasurer State of Michigan boosted its position in Bank of Hawaii Corporation by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,290 shares of the bank’s stock worth $1,424,000 after buying an additional 100 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its position in Bank of Hawaii Corporation by 1.8% in the first quarter. Virginia Retirement Systems ET AL now owns 5,700 shares of the bank’s stock worth $469,000 after buying an additional 100 shares in the last quarter. 77.11% of the stock is owned by institutional investors and hedge funds.

Shares of Bank of Hawaii Corporation (BOH) opened at 79.09 on Friday. The firm has a 50-day moving average of $82.44 and a 200-day moving average of $82.01. The company has a market cap of $3.37 billion, a P/E ratio of 18.48 and a beta of 0.95. Bank of Hawaii Corporation has a 52-week low of $69.77 and a 52-week high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last posted its quarterly earnings results on Monday, July 24th. The bank reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. The business had revenue of $157.52 million for the quarter, compared to analysts’ expectations of $157.76 million. During the same period in the prior year, the company posted $1.03 EPS. Equities research analysts forecast that Bank of Hawaii Corporation will post $4.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This is a boost from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.63%. Bank of Hawaii Corporation’s dividend payout ratio is 46.62%.

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BOH has been the topic of a number of recent research reports. Barclays PLC raised their price objective on Bank of Hawaii Corporation from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Monday, July 10th. Piper Jaffray Companies reissued a “hold” rating and issued a $94.00 target price on shares of Bank of Hawaii Corporation in a research note on Wednesday, July 26th. BidaskClub upgraded shares of Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $85.00 price objective on shares of Bank of Hawaii Corporation in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $86.40.

Bank of Hawaii Corporation 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.

Institutional Ownership by Quarter for Bank of Hawaii Corporation (NYSE:BOH)

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