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

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Wedge Capital Management L L P NC reduced its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 44.8% during the 3rd quarter, HoldingsChannel reports. The fund 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 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Capital Fund Management S.A. boosted its holdings in Bank of Hawaii by 24.1% in the second quarter. Capital Fund Management S.A. now owns 7,200 shares of the bank’s stock worth $597,000 after purchasing an additional 1,400 shares in the last quarter. 6 Meridian boosted its holdings in Bank of Hawaii by 2.0% in 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. JPMorgan Chase & Co. boosted its holdings in Bank of Hawaii by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 36,602 shares of the bank’s stock worth $2,987,000 after purchasing an additional 2,705 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Bank of Hawaii by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 372,588 shares of the bank’s stock worth $30,892,000 after purchasing an additional 5,028 shares in the last quarter. Finally, First Hawaiian Bank boosted its holdings in Bank of Hawaii by 4.3% in the third quarter. First Hawaiian Bank now owns 127,582 shares of the bank’s stock worth $10,963,000 after purchasing an additional 5,245 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 trading hours on Friday, reaching $89.65. The company’s stock had a trading volume of 94,036 shares, compared to its average volume of 208,499. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 2.02 and a beta of 0.92. Bank of Hawaii Co. has a one year low of $63.64 and a one year high of $90.25. The business’s 50-day moving average is $85.84 and its 200-day moving average is $82.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 28th. The bank reported $1.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.09). The business had revenue of $171.40 million during the quarter, compared to the consensus estimate of $168.80 million. Bank of Hawaii had a return on equity of 17.33% and a net margin of 29.05%. During the same quarter in the prior year, the company posted $1.36 earnings per share. On average, sell-side analysts predict 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. Shareholders of record on Friday, November 29th will be given a dividend of $0.67 per share. This is a positive change from Bank of Hawaii’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $2.68 dividend on an annualized basis and a yield of 2.99%. Bank of Hawaii’s payout ratio is currently 49.71%.

Bank of Hawaii Profile

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.

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

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