Cwm LLC Buys 397 Shares of Bank of Hawaii Corporation (NYSE:BOH)

Cwm LLC lifted its stake in shares of Bank of Hawaii Corporation (NYSE:BOH) by 31.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,643 shares of the bank’s stock after acquiring an additional 397 shares during the quarter. Cwm LLC’s holdings in Bank of Hawaii were worth $113,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BOH. Versant Capital Management Inc boosted its stake in Bank of Hawaii by 80.2% in the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank’s stock worth $27,000 after purchasing an additional 174 shares during the period. Private Trust Co. NA boosted its stake in Bank of Hawaii by 18,333.3% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank’s stock worth $38,000 after purchasing an additional 550 shares during the period. Golden State Wealth Management LLC boosted its stake in Bank of Hawaii by 110.5% in the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank’s stock worth $40,000 after purchasing an additional 305 shares during the period. Public Employees Retirement System of Ohio bought a new position in Bank of Hawaii in the 4th quarter worth approximately $49,000. Finally, Headlands Technologies LLC boosted its stake in Bank of Hawaii by 285.8% in the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank’s stock worth $68,000 after purchasing an additional 703 shares during the period. 82.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on BOH shares. Barclays upped their price target on Bank of Hawaii from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 8th. Stephens dropped their price target on Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Bank of Hawaii presently has an average rating of “Hold” and a consensus price target of $74.40.

Bank of Hawaii Stock Down 0.5%

Shares of BOH opened at $62.27 on Thursday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.01 and a beta of 0.77. Bank of Hawaii Corporation has a 1 year low of $57.44 and a 1 year high of $82.70. The business’s 50 day simple moving average is $67.17 and its 200-day simple moving average is $68.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.70 and a quick ratio of 0.71.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, July 28th. The bank reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.02. The business had revenue of $174.48 million for the quarter, compared to analysts’ expectations of $177.82 million. Bank of Hawaii had a return on equity of 12.67% and a net margin of 16.30%. During the same period in the prior year, the firm earned $0.81 EPS. As a group, equities analysts expect that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, August 29th. This represents a $2.80 annualized dividend and a dividend yield of 4.50%. Bank of Hawaii’s dividend payout ratio (DPR) is 78.65%.

Bank of Hawaii Company Profile

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, overdraft 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, as well as 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.