Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 44.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,837 shares of the bank’s stock after selling 2,302 shares during the period. Wedge Capital Management L L P NC’s holdings in Bank of Hawaii were worth $244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BOH. 6 Meridian raised its holdings in Bank of Hawaii by 2.0% during the second quarter. 6 Meridian now owns 6,539 shares of the bank’s stock worth $542,000 after purchasing an additional 131 shares in the last quarter. Arizona State Retirement System raised its holdings in Bank of Hawaii by 0.5% during the second quarter. Arizona State Retirement System now owns 29,748 shares of the bank’s stock worth $2,466,000 after purchasing an additional 155 shares in the last quarter. Harrington Investments INC raised its holdings in Bank of Hawaii by 0.7% during the second quarter. Harrington Investments INC now owns 24,430 shares of the bank’s stock worth $2,025,000 after purchasing an additional 160 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Bank of Hawaii by 3.6% during the third quarter. Commonwealth Equity Services LLC now owns 5,369 shares of the bank’s stock worth $461,000 after purchasing an additional 189 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Bank of Hawaii by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 16,945 shares of the bank’s stock worth $1,405,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

NYSE:BOH traded up $0.58 during midday trading on Friday, hitting $89.65. 94,036 shares of the stock were exchanged, compared to its average volume of 208,499. Bank of Hawaii Co. has a one year low of $63.64 and a one year high of $90.25. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 2.02 and a beta of 0.92. The business has a 50-day moving average price of $85.84 and a two-hundred day moving average price of $82.70. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, October 28th. The bank reported $1.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.09). Bank of Hawaii had a return on equity of 17.33% and a net margin of 29.05%. The firm had revenue of $171.40 million for the quarter, compared to the consensus estimate of $168.80 million. During the same period in the previous year, the firm earned $1.36 EPS. Sell-side analysts forecast that Bank of Hawaii Co. will post 5.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.67 per share. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, November 26th. This represents a $2.68 annualized dividend and a yield of 2.99%. Bank of Hawaii’s payout ratio is presently 49.71%.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

Further Reading: FAANG Stocks

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

Receive News & Ratings for Bank of Hawaii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit