Cwm LLC Grows Holdings in Bank of Hawaii Corporation (NYSE:BOH)

Cwm LLC grew its holdings in Bank of Hawaii Corporation (NYSE:BOH) by 31.9% during the first quarter, HoldingsChannel.com reports. 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 quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Balyasny Asset Management L.P. bought a new position in shares of Bank of Hawaii during the 4th quarter worth $54,309,000. Ameriprise Financial Inc. grew its position in shares of Bank of Hawaii by 558.1% during the 4th quarter. Ameriprise Financial Inc. now owns 646,890 shares of the bank’s stock worth $46,084,000 after buying an additional 548,599 shares in the last quarter. Norges Bank bought a new position in shares of Bank of Hawaii during the 4th quarter worth $27,495,000. Freestone Grove Partners LP bought a new position in shares of Bank of Hawaii during the 4th quarter worth $13,678,000. Finally, JPMorgan Chase & Co. grew its position in shares of Bank of Hawaii by 188.8% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of BOH stock opened at $62.27 on Thursday. Bank of Hawaii Corporation has a 1-year low of $57.44 and a 1-year high of $82.70. The stock’s 50-day moving average is $67.17 and its 200 day moving average is $68.42. The company has a market cap of $2.48 billion, a P/E ratio of 16.34, a PEG ratio of 1.01 and a beta of 0.77. 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 released its quarterly earnings results on Monday, July 28th. The bank reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. Bank of Hawaii had a return on equity of 12.67% and a net margin of 16.30%. The company had revenue of $174.48 million during the quarter, compared to analysts’ expectations of $177.82 million. During the same period last year, the business posted $0.81 earnings per share. Research analysts predict that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared 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 4.50%. The ex-dividend date of this dividend is Friday, August 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 78.65%.

Analyst Upgrades and Downgrades

BOH has been the topic of a number of recent research reports. Stephens dropped 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. Barclays raised their price objective on Bank of Hawaii from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.40.

About Bank of Hawaii

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.