Amalgamated Bank boosted its stake in Bank of Hawaii Corporation (NYSE:BOH) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,725 shares of the bank’s stock after buying an additional 196 shares during the period. Amalgamated Bank’s holdings in Bank of Hawaii Corporation were worth $554,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOH. BlackRock Inc. increased its stake in shares of Bank of Hawaii Corporation by 11,412.9% in the first quarter. BlackRock Inc. now owns 5,822,179 shares of the bank’s stock worth $479,514,000 after buying an additional 5,771,608 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Bank of Hawaii Corporation during the first quarter valued at about $15,851,000. Morgan Stanley boosted its position in shares of Bank of Hawaii Corporation by 23.6% in the first quarter. Morgan Stanley now owns 184,421 shares of the bank’s stock valued at $15,188,000 after buying an additional 35,258 shares during the period. UBS Group AG boosted its position in shares of Bank of Hawaii Corporation by 23.1% in the first quarter. UBS Group AG now owns 67,130 shares of the bank’s stock valued at $5,529,000 after buying an additional 12,595 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Bank of Hawaii Corporation by 4.0% in the first quarter. Geode Capital Management LLC now owns 334,766 shares of the bank’s stock valued at $27,571,000 after buying an additional 12,878 shares during the period. Institutional investors own 77.81% of the company’s stock.
Shares of Bank of Hawaii Corporation (NYSE BOH) traded up 0.10% during trading on Monday, reaching $81.57. 32,203 shares of the company were exchanged. The firm’s 50 day moving average is $80.16 and its 200 day moving average is $83.40. The firm has a market capitalization of $3.48 billion, a P/E ratio of 19.11 and a beta of 0.95. Bank of Hawaii Corporation has a 1-year low of $66.38 and a 1-year high of $90.80.
Bank of Hawaii Corporation (NYSE:BOH) last released its quarterly earnings results on Monday, April 24th. The bank reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.12. The company had revenue of $165.79 million during the quarter, compared to the consensus estimate of $159.45 million. Bank of Hawaii Corporation had a return on equity of 15.61% and a net margin of 27.57%. During the same quarter last year, the business posted $1.16 earnings per share. On average, equities analysts anticipate that Bank of Hawaii Corporation will post $4.36 EPS for the current fiscal year.
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Several brokerages recently issued reports on BOH. Zacks Investment Research raised shares of Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Tuesday, March 28th. Morgan Stanley increased their target price on shares of Bank of Hawaii Corporation from $74.00 to $75.00 and gave the company an “underweight” rating in a report on Tuesday, June 6th. Finally, BidaskClub upgraded shares of Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $78.43.
In related news, CEO Peter S. Ho sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $82.42, for a total value of $824,200.00. Following the completion of the sale, the chief executive officer now owns 183,386 shares of the company’s stock, valued at $15,114,674.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Peter S. Ho sold 3,000 shares of Bank of Hawaii Corporation stock in a transaction on Friday, May 5th. The shares were sold at an average price of $83.28, for a total transaction of $249,840.00. Following the completion of the sale, the chief executive officer now owns 160,386 shares in the company, valued at $13,356,946.08. The disclosure for this sale can be found here. Insiders have sold 28,000 shares of company stock valued at $2,306,590 over the last ninety days. Corporate insiders own 2.16% of the company’s stock.
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.
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