TIAA Trust National Association Purchases New Stake in Bank of Hawaii Co. (NYSE:BOH)

TIAA Trust National Association acquired a new position in shares of Bank of Hawaii Co. (NYSE:BOH) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 37,783 shares of the bank’s stock, valued at approximately $2,357,000. TIAA Trust National Association owned approximately 0.10% of Bank of Hawaii as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Bank of Hawaii by 4.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 45,352 shares of the bank’s stock worth $3,286,000 after buying an additional 2,007 shares during the last quarter. Harrington Investments INC increased its holdings in Bank of Hawaii by 1.1% during the 4th quarter. Harrington Investments INC now owns 18,694 shares of the bank’s stock worth $1,355,000 after purchasing an additional 200 shares in the last quarter. Regency Capital Management Inc. DE purchased a new stake in shares of Bank of Hawaii in the fourth quarter valued at about $243,000. International Assets Investment Management LLC purchased a new stake in shares of Bank of Hawaii during the fourth quarter valued at approximately $8,952,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Bank of Hawaii by 4.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,120 shares of the bank’s stock worth $1,675,000 after acquiring an additional 1,085 shares during the period. 82.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on BOH. Jefferies Financial Group upped their price target on shares of Bank of Hawaii from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Barclays lowered their price objective on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a report on Tuesday, April 23rd. Keefe, Bruyette & Woods increased their target price on shares of Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a report on Tuesday, April 23rd. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a research note on Thursday, May 30th. Finally, Piper Sandler reduced their price objective on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $55.50.

Bank of Hawaii Trading Up 2.0 %

BOH stock traded up $1.36 on Monday, reaching $68.65. The company’s stock had a trading volume of 217,642 shares, compared to its average volume of 318,641. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The business has a fifty day simple moving average of $58.32 and a two-hundred day simple moving average of $60.53. The firm has a market cap of $2.73 billion, a PE ratio of 17.34 and a beta of 1.06. Bank of Hawaii Co. has a 12-month low of $45.56 and a 12-month high of $75.19.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Friday, April 26th. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The company had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. During the same period in the previous year, the firm posted $1.14 EPS. As a group, research analysts forecast that Bank of Hawaii Co. will post 3.41 EPS for the current year.

Bank of Hawaii Company Profile

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.