Marble Harbor Investment Counsel LLC Has $6.31 Million Holdings in Bank of Hawaii Corporation (NYSE:BOH)

Marble Harbor Investment Counsel LLC grew its stake in Bank of Hawaii Corporation (NYSE:BOH) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,463 shares of the bank’s stock after acquiring an additional 2,159 shares during the period. Marble Harbor Investment Counsel LLC owned 0.23% of Bank of Hawaii worth $6,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in Bank of Hawaii by 2.7% in the first quarter. Principal Financial Group Inc. now owns 197,888 shares of the bank’s stock worth $13,648,000 after purchasing an additional 5,170 shares during the period. Private Trust Co. NA boosted its stake in shares of Bank of Hawaii by 18,333.3% in the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank’s stock valued at $38,000 after purchasing an additional 550 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Bank of Hawaii by 41.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,625 shares of the bank’s stock worth $802,000 after buying an additional 3,433 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Bank of Hawaii by 188.8% during the fourth quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank’s stock worth $17,817,000 after buying an additional 163,503 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Bank of Hawaii by 12.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,691 shares of the bank’s stock worth $806,000 after buying an additional 1,291 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on BOH shares. Barclays raised their price objective on shares of Bank of Hawaii from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, July 8th. Stephens reduced their price target on Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Bank of Hawaii presently has an average rating of “Hold” and a consensus price target of $74.40.

Bank of Hawaii Stock Down 1.0%

Bank of Hawaii stock opened at $61.28 on Friday. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.99 and a beta of 0.80. The company’s 50 day simple moving average is $66.95 and its 200 day simple moving average is $68.29. 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 Corporation has a fifty-two week low of $57.44 and a fifty-two week high of $82.70.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.02. Bank of Hawaii had a net margin of 16.30% and a return on equity of 12.67%. The company had revenue of $174.48 million for the quarter, compared to analyst estimates of $177.82 million. During the same period last year, the business posted $0.81 earnings per share. As a group, sell-side analysts anticipate that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, August 29th. Bank of Hawaii’s payout ratio is presently 73.49%.

Bank of Hawaii 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.