TIAA CREF Investment Management LLC trimmed its stake in Bank of Hawaii (NYSE:BOH) by 33.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,871 shares of the bank’s stock after selling 34,081 shares during the quarter. TIAA CREF Investment Management LLC owned 0.16% of Bank of Hawaii worth $5,817,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in Bank of Hawaii in the third quarter worth $665,000. Swiss National Bank boosted its holdings in Bank of Hawaii by 1.7% in the fourth quarter. Swiss National Bank now owns 72,637 shares of the bank’s stock worth $6,225,000 after acquiring an additional 1,200 shares in the last quarter. Deutsche Bank AG boosted its holdings in Bank of Hawaii by 68.4% in the fourth quarter. Deutsche Bank AG now owns 203,925 shares of the bank’s stock worth $17,473,000 after acquiring an additional 82,834 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Bank of Hawaii in the fourth quarter worth $10,370,000. Finally, New Mexico Educational Retirement Board bought a new stake in Bank of Hawaii in the fourth quarter worth $908,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.
BOH has been the topic of several analyst reports. Compass Point raised Bank of Hawaii from a “neutral” rating to a “buy” rating in a report on Monday, December 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $92.00 price target on shares of Bank of Hawaii in a report on Friday, December 22nd. Zacks Investment Research downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Monday, March 26th. Barclays upped their price target on Bank of Hawaii from $85.00 to $92.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Morgan Stanley lowered their price target on Bank of Hawaii from $88.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $90.92.
Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.08). The business had revenue of $160.63 million for the quarter, compared to the consensus estimate of $162.90 million. Bank of Hawaii had a net margin of 26.80% and a return on equity of 15.48%. During the same period in the previous year, the company earned $1.02 earnings per share. research analysts predict that Bank of Hawaii will post 5.22 earnings per share for the current fiscal year.
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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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