Swedbank AB cut its position in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 650,000 shares of the bank's stock after selling 50,000 shares during the quarter. Swedbank AB owned 1.64% of Bank of Hawaii worth $46,306,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOH. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Bank of Hawaii in the 2nd quarter valued at approximately $106,000. Point72 DIFC Ltd bought a new stake in shares of Bank of Hawaii in the 2nd quarter worth about $119,000. KBC Group NV raised its stake in shares of Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank's stock valued at $139,000 after purchasing an additional 812 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Bank of Hawaii by 5,508.3% during the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank's stock worth $169,000 after purchasing an additional 2,644 shares during the last quarter. Finally, Crestwood Advisors Group LLC acquired a new position in Bank of Hawaii in the third quarter worth about $207,000. Hedge funds and other institutional investors own 82.18% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Barclays upped their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the company an "underweight" rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods raised their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. DA Davidson lifted their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday. Piper Sandler increased their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday. Finally, Stephens started coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 price target for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $73.00.
Read Our Latest Analysis on BOH
Bank of Hawaii Stock Performance
Shares of BOH stock traded up $0.72 during trading hours on Thursday, reaching $75.02. The stock had a trading volume of 51,358 shares, compared to its average volume of 440,779. The firm has a market capitalization of $2.98 billion, a PE ratio of 22.55 and a beta of 1.05. The firm has a 50-day simple moving average of $73.26 and a 200-day simple moving average of $69.40. Bank of Hawaii Co. has a twelve month low of $54.50 and a twelve month high of $82.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71.
Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. As a group, equities analysts forecast that Bank of Hawaii Co. will post 3.54 earnings per share for the current year.
Bank of Hawaii Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 3.73%. Bank of Hawaii's dividend payout ratio (DPR) is presently 80.92%.
Bank of Hawaii Company Profile
(
Free Report)
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.
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