Bank of Hawaii Co. (NYSE:BOH) Short Interest Update

Bank of Hawaii Co. (NYSE:BOH) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 2,769,100 shares, a decrease of 7.8% from the May 15th total of 3,002,300 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average trading volume of 201,000 shares, the short-interest ratio is currently 13.8 days.

Shares of NYSE:BOH opened at $82.42 on Friday. The business’s 50 day moving average is $80.01. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. Bank of Hawaii has a 1 year low of $63.64 and a 1 year high of $85.89. The firm has a market capitalization of $3.38 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.97 and a beta of 0.91.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, April 22nd. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.07. Bank of Hawaii had a return on equity of 17.81% and a net margin of 30.64%. The firm had revenue of $168.52 million during the quarter, compared to analysts’ expectations of $166.51 million. During the same period in the prior year, the company earned $1.28 earnings per share. Sell-side analysts predict that Bank of Hawaii will post 5.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.15%. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, May 30th. Bank of Hawaii’s dividend payout ratio is presently 49.71%.

Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Compass Point downgraded Bank of Hawaii from a “buy” rating to a “neutral” rating and decreased their target price for the company from $83.00 to $82.00 in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $85.60.

In related news, Vice Chairman James C. Polk sold 6,176 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $80.82, for a total transaction of $499,144.32. Following the sale, the insider now owns 31,291 shares in the company, valued at $2,528,938.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.13% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. 6 Meridian increased 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 valued at $542,000 after purchasing an additional 131 shares during the period. Commonwealth Equity Services LLC grew its holdings in Bank of Hawaii by 3.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,784 shares of the bank’s stock worth $322,000 after acquiring an additional 144 shares during the period. ETF Managers Group LLC grew its holdings in Bank of Hawaii by 9.1% during the 1st quarter. ETF Managers Group LLC now owns 1,748 shares of the bank’s stock worth $138,000 after acquiring an additional 146 shares during the period. Tyers Asset Management LLC grew its holdings in Bank of Hawaii by 3.6% during the 1st quarter. Tyers Asset Management LLC now owns 7,040 shares of the bank’s stock worth $555,000 after acquiring an additional 242 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in Bank of Hawaii by 0.7% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 45,754 shares of the bank’s stock worth $3,609,000 after acquiring an additional 300 shares during the period. Institutional investors own 74.45% of the company’s stock.

Bank of Hawaii Company 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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