Bank of Hawaii Corporation $BOH Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 71.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,501 shares of the bank’s stock after selling 21,101 shares during the quarter. SG Americas Securities LLC’s holdings in Bank of Hawaii were worth $631,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Jefferies Financial Group Inc. increased its position in Bank of Hawaii by 157.0% during the 3rd quarter. Jefferies Financial Group Inc. now owns 27,283 shares of the bank’s stock worth $1,791,000 after purchasing an additional 16,665 shares during the period. Marble Harbor Investment Counsel LLC grew its holdings in Bank of Hawaii by 14.3% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 112,199 shares of the bank’s stock worth $7,671,000 after acquiring an additional 14,075 shares during the period. Numerai GP LLC acquired a new position in Bank of Hawaii during the third quarter worth $5,893,000. Tudor Investment Corp ET AL raised its position in Bank of Hawaii by 33.6% in the third quarter. Tudor Investment Corp ET AL now owns 105,845 shares of the bank’s stock worth $6,948,000 after acquiring an additional 26,634 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Bank of Hawaii by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock valued at $312,139,000 after acquiring an additional 26,821 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Weiss Ratings raised shares of Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen cut Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Barclays raised their price objective on Bank of Hawaii from $86.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Piper Sandler decreased 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. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.80.

Bank of Hawaii Stock Down 0.3%

Shares of NYSE BOH opened at $82.81 on Wednesday. Bank of Hawaii Corporation has a 1 year low of $59.36 and a 1 year high of $83.81. The firm’s 50 day moving average price is $78.74 and its 200 day moving average price is $76.02. The firm has a market cap of $3.28 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 0.87 and a beta of 0.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 0.69.

Bank of Hawaii (NYSE:BOH) last issued its quarterly 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 net margin of 20.46% and a return on equity of 14.97%. The business had revenue of $192.32 million during the quarter, compared to analyst estimates of $193.53 million. During the same quarter last year, the firm posted $0.97 earnings per share. As a group, sell-side analysts anticipate that Bank of Hawaii Corporation will post 5.91 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a dividend of $0.70 per share. The ex-dividend date was Friday, May 29th. This represents a $2.80 annualized dividend and a yield of 3.4%. Bank of Hawaii’s dividend payout ratio is 56.57%.

Bank of Hawaii Company 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.