Bank of Hawaii Corporation (BOH) Shares Sold by Walthausen & Co. LLC

Walthausen & Co. LLC trimmed its stake in shares of Bank of Hawaii Corporation (NYSE:BOH) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,342 shares of the bank’s stock after selling 1,680 shares during the quarter. Walthausen & Co. LLC owned approximately 0.17% of Bank of Hawaii Corporation worth $5,919,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in Bank of Hawaii Corporation by 9.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,208,500 shares of the bank’s stock worth $100,270,000 after purchasing an additional 101,583 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Bank of Hawaii Corporation by 2.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,198 shares of the bank’s stock worth $511,000 after purchasing an additional 166 shares in the last quarter. Vanguard Group Inc. increased its position in Bank of Hawaii Corporation by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 3,595,900 shares of the bank’s stock worth $296,158,000 after purchasing an additional 144,229 shares in the last quarter. BlackRock Inc. increased its position in Bank of Hawaii Corporation by 11,412.9% during the 1st quarter. BlackRock Inc. now owns 5,822,179 shares of the bank’s stock worth $479,514,000 after purchasing an additional 5,771,608 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Bank of Hawaii Corporation by 4.0% during the 1st quarter. Geode Capital Management LLC now owns 334,766 shares of the bank’s stock worth $27,571,000 after purchasing an additional 12,878 shares in the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.

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A number of equities analysts recently issued reports on BOH shares. Barclays PLC reiterated an “equal weight” rating and set a $83.00 price objective (up from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub cut shares of Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 price objective on shares of Bank of Hawaii Corporation in a research report on Friday, September 15th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $94.00 price objective on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $88.60.

Bank of Hawaii Corporation (NYSE:BOH) last announced its earnings results on Monday, July 24th. The bank reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a net margin of 27.28% and a return on equity of 15.45%. The business had revenue of $157.52 million during the quarter, compared to analyst estimates of $157.76 million. During the same period in the previous year, the business posted $1.03 earnings per share.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, August 29th. This is a positive change from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.47%. Bank of Hawaii Corporation’s payout ratio is presently 48.48%.

In other Bank of Hawaii Corporation news, insider Donna A. Tanoue sold 1,185 shares of Bank of Hawaii Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $76.86, for a total transaction of $91,079.10. Following the transaction, the insider now directly owns 15,204 shares of the company’s stock, valued at $1,168,579.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donna A. Tanoue sold 4,050 shares of Bank of Hawaii Corporation stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $76.15, for a total transaction of $308,407.50. Following the transaction, the insider now directly owns 9,969 shares in the company, valued at $759,139.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,235 shares of company stock valued at $860,767. 2.16% of the stock is currently owned by company insiders.

About Bank of Hawaii Corporation

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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Institutional Ownership by Quarter for Bank of Hawaii Corporation (NYSE:BOH)

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