Bank of Hawaii Corporation $BOH Stake Lowered by Bank of Hawaii

Bank of Hawaii cut its stake in Bank of Hawaii Corporation (NYSE:BOH) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,922 shares of the bank’s stock after selling 17,312 shares during the quarter. Bank of Hawaii’s holdings in Bank of Hawaii were worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Danske Bank A S acquired a new position in Bank of Hawaii in the 4th quarter worth about $27,000. Quarry LP grew its position in Bank of Hawaii by 1,497.2% in the third quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after acquiring an additional 539 shares in the last quarter. Strs Ohio bought a new stake in Bank of Hawaii in the first quarter worth approximately $41,000. EverSource Wealth Advisors LLC increased its stake in shares of Bank of Hawaii by 461.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after purchasing an additional 512 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Bank of Hawaii by 63.6% during the 4th quarter. Farther Finance Advisors LLC now owns 736 shares of the bank’s stock worth $50,000 after purchasing an additional 286 shares during the last quarter. 82.18% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Hawaii Trading Down 0.1%

Shares of BOH opened at $77.80 on Friday. Bank of Hawaii Corporation has a 1 year low of $59.36 and a 1 year high of $82.74. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $77.98 and a 200-day simple moving average of $74.80. The stock has a market cap of $3.08 billion, a PE ratio of 15.72, a PEG ratio of 0.82 and a beta of 0.71.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). The company had revenue of $192.32 million during the quarter, compared to analyst estimates of $193.53 million. Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. During the same period in the prior year, the firm earned $0.97 EPS. On average, sell-side analysts predict that Bank of Hawaii Corporation will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.6%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 56.57%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BOH shares. Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Keefe, Bruyette & Woods raised their target price on Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. DA Davidson boosted their price target on Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Stephens boosted their target price on shares of Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings upgraded shares of Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus target price of $85.40.

About Bank of Hawaii

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.