Quantinno Capital Management LP Has $21.98 Million Stake in Bank of Hawaii Corporation $BOH

Quantinno Capital Management LP raised its stake in Bank of Hawaii Corporation (NYSE:BOH) by 94.2% during the first quarter, HoldingsChannel.com reports. The fund owned 295,956 shares of the bank’s stock after acquiring an additional 143,568 shares during the quarter. Quantinno Capital Management LP’s holdings in Bank of Hawaii were worth $21,975,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Danske Bank A S bought a new position in shares of Bank of Hawaii during the fourth quarter valued at $27,000. SHP Wealth Management bought a new stake in shares of Bank of Hawaii in the 4th quarter worth about $34,000. Quarry LP grew its holdings in shares of Bank of Hawaii by 1,497.2% in the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after purchasing an additional 539 shares during the last quarter. Strs Ohio acquired a new stake in shares of Bank of Hawaii during the 1st quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Bank of Hawaii by 461.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after purchasing an additional 512 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

Bank of Hawaii stock opened at $79.83 on Friday. The stock has a 50-day simple moving average of $80.33 and a 200 day simple moving average of $77.56. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. Bank of Hawaii Corporation has a 12-month low of $59.36 and a 12-month high of $86.31. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.91 and a beta of 0.70.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, July 27th. The bank reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. The firm had revenue of $196.90 million for the quarter, compared to analyst estimates of $199.51 million. During the same quarter in the prior year, the firm earned $1.06 EPS. On average, research analysts anticipate that Bank of Hawaii Corporation will post 5.88 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, August 31st. Bank of Hawaii’s dividend payout ratio is presently 52.24%.

Analyst Ratings Changes

Several brokerages recently issued reports on BOH. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of Hawaii in a report on Friday, July 24th. DA Davidson upped their price objective on shares of Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Zacks Research cut shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Stephens boosted their target price on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Bank of Hawaii presently has a consensus rating of “Hold” and an average target price of $85.80.

Bank of Hawaii Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.