Hsbc Holdings PLC Buys New Position in Bank of Hawaii Corporation $BOH

Hsbc Holdings PLC bought a new stake in Bank of Hawaii Corporation (NYSE:BOH) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 90,102 shares of the bank’s stock, valued at approximately $6,164,000. Hsbc Holdings PLC owned approximately 0.23% of Bank of Hawaii at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BOH. SHP Wealth Management acquired a new position in shares of Bank of Hawaii in the fourth quarter valued at approximately $34,000. Corient Private Wealth LLC boosted its position in Bank of Hawaii by 16.8% during the fourth quarter. Corient Private Wealth LLC now owns 35,149 shares of the bank’s stock worth $2,273,000 after acquiring an additional 5,053 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Bank of Hawaii by 36.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,409 shares of the bank’s stock worth $575,000 after acquiring an additional 2,243 shares during the period. Man Group plc purchased a new stake in Bank of Hawaii in the 4th quarter worth approximately $271,000. Finally, Engineers Gate Manager LP raised its holdings in Bank of Hawaii by 92.8% in the 4th quarter. Engineers Gate Manager LP now owns 21,104 shares of the bank’s stock valued at $1,443,000 after acquiring an additional 10,159 shares during the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Stock Up 0.4%

Shares of NYSE BOH opened at $82.11 on Friday. The stock has a market capitalization of $3.25 billion, a PE ratio of 16.59, a P/E/G ratio of 0.86 and a beta of 0.71. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $78.20 and a 200-day moving average of $75.33. Bank of Hawaii Corporation has a 52-week low of $59.36 and a 52-week high of $83.18.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.The firm had revenue of $192.32 million during the quarter, compared to analysts’ expectations of $193.53 million. During the same period last year, the business posted $0.97 earnings per share. On average, analysts anticipate that Bank of Hawaii Corporation will post 5.91 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, May 29th. Bank of Hawaii’s dividend payout ratio (DPR) is 56.57%.

Analyst Ratings Changes

A number of brokerages have weighed in on BOH. Keefe, Bruyette & Woods raised their price objective on Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Barclays lifted their price objective on Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. DA Davidson upped their target price on Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Stephens increased their target price on 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 raised Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.40.

Bank of Hawaii Profile

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.