Cramer Rosenthal Mcglynn LLC Lowers Stock Holdings in Bank of Hawaii Co. (NYSE:BOH)

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Cramer Rosenthal Mcglynn LLC lowered its holdings in Bank of Hawaii Co. (NYSE:BOH) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229,677 shares of the bank’s stock after selling 5,504 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.57% of Bank of Hawaii worth $19,043,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Bank of Hawaii in the second quarter valued at $35,000. Trustcore Financial Services LLC purchased a new stake in shares of Bank of Hawaii in the second quarter valued at $37,000. Signaturefd LLC grew its position in shares of Bank of Hawaii by 150.8% in the second quarter. Signaturefd LLC now owns 602 shares of the bank’s stock valued at $50,000 after purchasing an additional 362 shares during the period. Westside Investment Management Inc. acquired a new position in Bank of Hawaii in the second quarter valued at $62,000. Finally, Advisory Services Network LLC boosted its holdings in Bank of Hawaii by 320.0% in the second quarter. Advisory Services Network LLC now owns 1,281 shares of the bank’s stock valued at $106,000 after acquiring an additional 976 shares during the last quarter. 73.93% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii stock traded up $0.85 during midday trading on Friday, reaching $87.43. The stock had a trading volume of 404 shares, compared to its average volume of 176,955. Bank of Hawaii Co. has a twelve month low of $63.64 and a twelve month high of $87.07. The stock has a market capitalization of $3.43 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70. The stock’s 50-day simple moving average is $82.60 and its 200 day simple moving average is $81.23.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, July 22nd. The bank reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.03. Bank of Hawaii had a return on equity of 17.85% and a net margin of 30.23%. The firm had revenue of $169.55 million for the quarter, compared to analysts’ expectations of $167.65 million. During the same quarter last year, the firm earned $1.30 earnings per share. Equities analysts predict that Bank of Hawaii Co. will post 5.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, August 29th. Bank of Hawaii’s payout ratio is currently 49.71%.

About Bank of Hawaii

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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