Victory Capital Management Inc. Has $40.27 Million Holdings in Bank of Hawaii Corporation (NYSE:BOH)

Victory Capital Management Inc. cut its holdings in Bank of Hawaii Corporation (NYSE:BOH - Free Report) by 3.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 583,936 shares of the bank's stock after selling 23,744 shares during the period. Victory Capital Management Inc. owned approximately 1.47% of Bank of Hawaii worth $40,274,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its holdings in shares of Bank of Hawaii by 80.2% during the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock worth $27,000 after purchasing an additional 174 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Bank of Hawaii by 18,333.3% during the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank's stock worth $38,000 after purchasing an additional 550 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Bank of Hawaii by 110.5% during the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock worth $40,000 after purchasing an additional 305 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Bank of Hawaii during the 4th quarter worth $49,000. Finally, Headlands Technologies LLC grew its holdings in shares of Bank of Hawaii by 285.8% during the 4th quarter. Headlands Technologies LLC now owns 949 shares of the bank's stock worth $68,000 after purchasing an additional 703 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays increased their target price on Bank of Hawaii from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $77.20.

Bank of Hawaii Price Performance

Shares of BOH stock traded up $0.15 on Wednesday, reaching $67.43. The company had a trading volume of 297,988 shares, compared to its average volume of 379,248. The stock has a market capitalization of $2.68 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.09 and a beta of 0.77. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.41. Bank of Hawaii Corporation has a one year low of $57.45 and a one year high of $82.70. The business's 50-day moving average is $67.76 and its 200 day moving average is $68.61.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. Bank of Hawaii had a return on equity of 12.16% and a net margin of 15.12%. During the same period last year, the company earned $0.87 earnings per share. Equities research analysts forecast that Bank of Hawaii Corporation will post 3.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Taryn L. Salmon sold 1,652 shares of Bank of Hawaii stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the transaction, the insider directly owned 6,442 shares of the company's stock, valued at $426,138.30. The trade was a 20.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.07% 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 various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.