Aft Forsyth Sober Lowers stake in Bank of Hawaii Corporation (BOH)

Bank of Hawaii Corporation (BOH) : Aft Forsyth Sober reduced its stake in Bank of Hawaii Corporation by 50.0% during the most recent quarter end. The investment management company now holds a total of 250 shares of Bank of Hawaii Corporation which is valued at $17,268 after selling 250 shares in Bank of Hawaii Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Bank of Hawaii Corporation makes up approximately 0.12% of Aft Forsyth Sober’s portfolio.

Other Hedge Funds, Including , Pacad Investment Ltd. boosted its stake in BOH in the latest quarter, The investment management firm added 10,591 additional shares and now holds a total of 14,891 shares of Bank of Hawaii Corporation which is valued at $1,028,521. Bank of Hawaii Corporation makes up approx 0.14% of Pacad Investment Ltd.’s portfolio.Alliancebernstein reduced its stake in BOH by selling 810 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 37,874 shares of BOH which is valued at $2,615,957. Chartwell Investment Partners sold out all of its stake in BOH during the most recent quarter. The investment firm sold 40,730 shares of BOH which is valued $2,843,361.Louisiana State Employees Retirement System reduced its stake in BOH by selling 600 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 11,400 shares of BOH which is valued at $796,518. Bank of Hawaii Corporation makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.

Bank of Hawaii Corporation opened for trading at $70.61 and hit $71.22 on the upside on Monday, eventually ending the session at $70.93, with a gain of 0.77% or 0.54 points. The heightened volatility saw the trading volume jump to 1,38,138 shares. Company has a market cap of $3,041 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.

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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