Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in Bank of Hawaii Co. (NYSE:BOH) by 19.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 145,076 shares of the bank’s stock after selling 35,992 shares during the quarter. Janus Henderson Group PLC owned 0.35% of Bank of Hawaii worth $12,102,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new position in shares of Bank of Hawaii in the second quarter worth $101,000. OppenheimerFunds Inc. bought a new position in shares of Bank of Hawaii in the first quarter worth $200,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Bank of Hawaii by 44.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,258 shares of the bank’s stock worth $271,000 after purchasing an additional 1,002 shares in the last quarter. Violich Capital Management Inc. bought a new position in shares of Bank of Hawaii in the first quarter worth $298,000. Finally, HRT Financial LLC bought a new position in shares of Bank of Hawaii in the first quarter worth $312,000. 75.04% of the stock is owned by institutional investors.

Shares of BOH stock opened at $81.45 on Tuesday. Bank of Hawaii Co. has a fifty-two week low of $77.09 and a fifty-two week high of $89.09. The stock has a market cap of $3.32 billion, a P/E ratio of 18.47, a PEG ratio of 1.76 and a beta of 0.67. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.19.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, July 23rd. The bank reported $1.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.30. Bank of Hawaii had a return on equity of 16.26% and a net margin of 28.32%. The business had revenue of $161.79 million during the quarter, compared to analysts’ expectations of $164.78 million. During the same quarter last year, the business posted $1.05 earnings per share. As a group, sell-side analysts predict that Bank of Hawaii Co. will post 5.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Friday, August 31st were given a $0.60 dividend. The ex-dividend date was Thursday, August 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.95%. Bank of Hawaii’s dividend payout ratio (DPR) is 54.42%.

In related news, Director Barbara J. Tanabe sold 613 shares of the stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $83.23, for a total value of $51,019.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary G. F. Bitterman sold 367 shares of the stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $81.91, for a total value of $30,060.97. The disclosure for this sale can be found here. Company insiders own 2.04% of the company’s stock.

Several research analysts have recently issued reports on BOH shares. Zacks Investment Research raised Bank of Hawaii from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research note on Thursday, July 12th. ValuEngine raised Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $89.00 target price on shares of Bank of Hawaii in a research note on Tuesday, July 24th. Finally, Morgan Stanley raised their target price on Bank of Hawaii from $86.00 to $87.00 and gave the company an “underweight” rating in a research note on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $91.08.

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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