TIAA CREF Investment Management LLC Purchases 3,088 Shares of Bank of Hawaii Corporation (BOH)

TIAA CREF Investment Management LLC increased its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 3.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,864 shares of the bank’s stock after buying an additional 3,088 shares during the period. TIAA CREF Investment Management LLC owned about 0.19% of Bank of Hawaii Corporation worth $6,792,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Crestwood Advisors Group LLC increased its stake in shares of Bank of Hawaii Corporation by 0.6% during the second quarter. Crestwood Advisors Group LLC now owns 2,483 shares of the bank’s stock worth $206,000 after buying an additional 14 shares during the period. Alps Advisors Inc. increased its stake in shares of Bank of Hawaii Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,667 shares of the bank’s stock worth $470,000 after buying an additional 15 shares during the period. World Asset Management Inc increased its stake in shares of Bank of Hawaii Corporation by 1.4% during the second quarter. World Asset Management Inc now owns 2,660 shares of the bank’s stock worth $221,000 after buying an additional 36 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Bank of Hawaii Corporation by 1.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,436 shares of the bank’s stock worth $512,000 after buying an additional 87 shares during the period. Finally, Cadinha & Co. LLC increased its stake in shares of Bank of Hawaii Corporation by 0.3% during the second quarter. Cadinha & Co. LLC now owns 32,993 shares of the bank’s stock worth $2,737,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 75.61% of the company’s stock.

A number of analysts recently weighed in on the stock. Morgan Stanley restated an “underweight” rating and set a $77.00 target price (up from $75.00) on shares of Bank of Hawaii Corporation in a research note on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 price target on shares of Bank of Hawaii Corporation in a report on Wednesday. Zacks Investment Research downgraded Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub downgraded Bank of Hawaii Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $94.00 price target on shares of Bank of Hawaii Corporation in a report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Bank of Hawaii Corporation has a consensus rating of “Hold” and an average target price of $88.60.

In other Bank of Hawaii Corporation news, insider Donna A. Tanoue sold 6,000 shares of Bank of Hawaii Corporation stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $76.88, for a total transaction of $461,280.00. Following the sale, the insider now directly owns 9,969 shares in the company, valued at approximately $766,416.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Donna A. Tanoue sold 1,185 shares of Bank of Hawaii Corporation stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $76.86, for a total value of $91,079.10. Following the sale, the insider now owns 15,204 shares in the company, valued at $1,168,579.44. The disclosure for this sale can be found here. Insiders have sold a total of 11,235 shares of company stock worth $860,767 over the last 90 days. 2.16% of the stock is owned by company insiders.

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Bank of Hawaii Corporation (NYSE BOH) opened at 83.44 on Friday. Bank of Hawaii Corporation has a one year low of $72.57 and a one year high of $90.80. The company has a 50-day moving average price of $80.60 and a 200-day moving average price of $81.04. The firm has a market capitalization of $3.56 billion, a P/E ratio of 19.50 and a beta of 0.99.

Bank of Hawaii Corporation (NYSE:BOH) last posted its quarterly earnings data on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. The company had revenue of $157.52 million for the quarter, compared to the consensus estimate of $157.76 million. During the same period in the previous year, the business earned $1.03 EPS. On average, equities research analysts anticipate that Bank of Hawaii Corporation will post $4.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, August 29th. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.49%. Bank of Hawaii Corporation’s payout ratio is currently 48.48%.

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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