Putnam FL Investment Management Co. Reduces Stock Position in Bank of Hawaii Co. (NYSE:BOH)

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Putnam FL Investment Management Co. reduced its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,356 shares of the bank’s stock after selling 621 shares during the period. Putnam FL Investment Management Co.’s holdings in Bank of Hawaii were worth $632,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BOH. Capital Fund Management S.A. lifted its holdings in Bank of Hawaii by 24.1% in the second quarter. Capital Fund Management S.A. now owns 7,200 shares of the bank’s stock worth $597,000 after buying an additional 1,400 shares during the period. 6 Meridian lifted its holdings in Bank of Hawaii by 2.0% in the second quarter. 6 Meridian now owns 6,539 shares of the bank’s stock worth $542,000 after buying an additional 131 shares during the period. JPMorgan Chase & Co. lifted its holdings in Bank of Hawaii by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 36,602 shares of the bank’s stock worth $2,987,000 after buying an additional 2,705 shares during the period. Hendershot Investments Inc. lifted its holdings in Bank of Hawaii by 13.7% in the third quarter. Hendershot Investments Inc. now owns 49,297 shares of the bank’s stock worth $4,236,000 after buying an additional 5,925 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Bank of Hawaii by 1.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 372,588 shares of the bank’s stock worth $30,892,000 after buying an additional 5,028 shares during the period. Institutional investors own 74.98% of the company’s stock.

BOH traded up $0.16 on Thursday, hitting $89.23. The company had a trading volume of 17,793 shares, compared to its average volume of 140,795. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. Bank of Hawaii Co. has a 52-week low of $63.64 and a 52-week high of $90.38. The stock has a fifty day simple moving average of $86.10 and a 200-day simple moving average of $82.87. The firm has a market capitalization of $3.61 billion, a P/E ratio of 17.06, a P/E/G ratio of 2.03 and a beta of 0.92.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, October 28th. The bank reported $1.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.38 by ($0.09). Bank of Hawaii had a return on equity of 17.33% and a net margin of 29.05%. The company had revenue of $171.40 million during the quarter, compared to analysts’ expectations of $168.80 million. During the same quarter last year, the business earned $1.36 earnings per share. Equities research analysts expect that Bank of Hawaii Co. will post 5.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.00%. This is a positive change from Bank of Hawaii’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, November 26th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 49.71%.

Bank of Hawaii Profile

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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