California Public Employees Retirement System Has $6.30 Million Stake in Bank of Hawaii Co. (NYSE:BOH)

California Public Employees Retirement System reduced its position in shares of Bank of Hawaii Co. (NYSE:BOHGet Rating) by 5.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,620 shares of the bank’s stock after selling 4,551 shares during the period. California Public Employees Retirement System’s holdings in Bank of Hawaii were worth $6,296,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Bank of Hawaii by 0.9% during the first quarter. Vanguard Group Inc. now owns 3,877,869 shares of the bank’s stock valued at $325,431,000 after purchasing an additional 36,389 shares in the last quarter. Victory Capital Management Inc. raised its position in Bank of Hawaii by 39.8% during the second quarter. Victory Capital Management Inc. now owns 2,167,240 shares of the bank’s stock valued at $161,242,000 after purchasing an additional 617,432 shares in the last quarter. State Street Corp grew its stake in shares of Bank of Hawaii by 10.9% during the first quarter. State Street Corp now owns 1,777,119 shares of the bank’s stock worth $149,136,000 after buying an additional 174,889 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Bank of Hawaii by 7.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 770,983 shares of the bank’s stock worth $64,701,000 after buying an additional 55,707 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Bank of Hawaii by 2.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 735,950 shares of the bank’s stock worth $61,761,000 after buying an additional 14,529 shares during the last quarter. 74.84% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock opened at $81.58 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.01. Bank of Hawaii Co. has a twelve month low of $70.15 and a twelve month high of $92.38. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.80 and a beta of 1.02. The company’s fifty day moving average is $77.57 and its 200 day moving average is $77.58.

Bank of Hawaii (NYSE:BOHGet Rating) last issued its quarterly earnings data on Monday, October 24th. The bank reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.14). Bank of Hawaii had a return on equity of 18.37% and a net margin of 31.88%. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Sell-side analysts forecast that Bank of Hawaii Co. will post 5.63 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Wednesday, November 30th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.43%. Bank of Hawaii’s dividend payout ratio is 50.63%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Compass Point decreased their target price on shares of Bank of Hawaii to $86.00 in a research note on Thursday, October 27th. StockNews.com assumed coverage on shares of Bank of Hawaii in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, DA Davidson decreased their target price on shares of Bank of Hawaii from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 25th.

Insider Buying and Selling

In other Bank of Hawaii news, CEO Peter S. Ho sold 5,500 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $79.30, for a total transaction of $436,150.00. Following the sale, the chief executive officer now owns 233,681 shares of the company’s stock, valued at $18,530,903.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.06% of the stock is currently owned by insiders.

Bank of Hawaii Profile

(Get Rating)

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, and high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.

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

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