Marble Harbor Investment Counsel Lowers stake in Bank of Hawaii Corporation (BOH)

Bank of Hawaii Corporation (BOH) : Marble Harbor Investment Counsel reduced its stake in Bank of Hawaii Corporation by 2.37% during the most recent quarter end. The investment management company now holds a total of 111,285 shares of Bank of Hawaii Corporation which is valued at $7,716,502 after selling 2,700 shares in Bank of Hawaii Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Bank of Hawaii Corporation makes up approximately 1.85% of Marble Harbor Investment Counsel’s portfolio.

Other Hedge Funds, Including , Blair William Coil reduced its stake in BOH by selling 407 shares or 6.21% in the most recent quarter. The Hedge Fund company now holds 6,151 shares of BOH which is valued at $426,510.Oregon Public Employees Retirement Fund boosted its stake in BOH in the latest quarter, The investment management firm added 349 additional shares and now holds a total of 14,514 shares of Bank of Hawaii Corporation which is valued at $988,984. Bank of Hawaii Corporation makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.Independent Portfolio Consultants boosted its stake in BOH in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 3,075 shares of Bank of Hawaii Corporation which is valued at $213,743. Bank of Hawaii Corporation makes up approx 0.07% of Independent Portfolio Consultants’s portfolio.

Bank of Hawaii Corporation opened for trading at $69.24 and hit $69.85 on the upside on Monday, eventually ending the session at $69.69, with a gain of 0.90% or 0.62 points. The heightened volatility saw the trading volume jump to 86,362 shares. Company has a market cap of $2,987 M.

On the company’s financial health, Bank of Hawaii Corporation reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.93. The company had revenue of $150.10 million for the quarter, compared to analysts expectations of $148.07 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

Investors should note that on Jul 25, 2016, Bank of Hawaii Corporation announced a cash dividend of $0.4800. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Bank of Hawaii Corporation. Compass Point Initiated Bank of Hawaii Corporation on Aug 11, 2016 to “Neutral”, Price Target of the shares are set at $69.Company shares were Reiterated by DA Davidson on Jul 26, 2016 to “Neutral”, Firm has raised the Price Target to $ 72 from a previous price target of $70 .Company shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 72 from a previous price target of $68 .

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 services and products primarily to customers in Hawaii Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking Commercial Banking Investment Services and Treasury and Other. Its Retail Banking segment offers a range of financial products and services to consumers and small businesses. Its Commercial Banking segment offers products including corporate banking commercial real estate loans commercial lease financing auto dealer financing and deposit products. Its Investment Services segment offers private banking trust services investment management and institutional investment advisory services. The Company’s Treasury and Other segment consists of corporate asset and liability management activities including interest rate risk management and a foreign currency exchange business.

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