Bank of Hawaii Corporation $BOH Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of Bank of Hawaii Corporation (NYSE:BOH) by 277.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,829 shares of the bank’s stock after purchasing an additional 77,828 shares during the quarter. BNP Paribas Financial Markets owned 0.27% of Bank of Hawaii worth $7,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Danske Bank A S purchased a new stake in shares of Bank of Hawaii during the fourth quarter worth about $27,000. Quarry LP increased its position in shares of Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after acquiring an additional 539 shares during the last quarter. Strs Ohio purchased a new stake in shares of Bank of Hawaii during the first quarter worth about $41,000. EverSource Wealth Advisors LLC increased its position in shares of Bank of Hawaii by 461.3% during the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after acquiring an additional 512 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Bank of Hawaii by 63.6% during the fourth quarter. Farther Finance Advisors LLC now owns 736 shares of the bank’s stock worth $50,000 after acquiring an additional 286 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Analyst Upgrades and Downgrades

BOH has been the topic of a number of analyst reports. Barclays lifted their target price on Bank of Hawaii from $83.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th. Weiss Ratings raised Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Stephens lifted 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. Piper Sandler dropped their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Finally, Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus price target of $85.40.

Bank of Hawaii Stock Up 1.5%

Shares of Bank of Hawaii stock opened at $77.90 on Wednesday. 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 market cap of $3.09 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.80 and a beta of 0.71. Bank of Hawaii Corporation has a fifty-two week low of $59.36 and a fifty-two week high of $82.74. The business has a 50-day moving average price of $77.48 and a 200 day moving average price of $74.14.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data 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). The firm had revenue of $192.32 million during the quarter, compared to the consensus estimate 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 earnings per share. On average, sell-side analysts forecast that Bank of Hawaii Corporation will post 5.91 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. Bank of Hawaii’s dividend payout ratio is 56.57%.

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.