Bank of Hawaii Co. (NYSE:BOH) Stake Reduced by Swedbank AB

Swedbank AB reduced its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 650,000 shares of the bank’s stock after selling 50,000 shares during the quarter. Swedbank AB’s holdings in Bank of Hawaii were worth $46,306,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC grew its stake in Bank of Hawaii by 0.9% during the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock worth $1,168,000 after buying an additional 154 shares during the last quarter. Glenmede Trust Co. NA grew its stake in Bank of Hawaii by 3.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock worth $396,000 after buying an additional 182 shares during the last quarter. Cadinha & Co. LLC grew its stake in Bank of Hawaii by 12.2% during the 4th quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock worth $277,000 after buying an additional 423 shares during the last quarter. Harrington Investments INC grew its stake in Bank of Hawaii by 2.3% during the 3rd quarter. Harrington Investments INC now owns 20,156 shares of the bank’s stock worth $1,265,000 after buying an additional 450 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in Bank of Hawaii by 29.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock worth $150,000 after buying an additional 536 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Stock Down 1.4 %

BOH opened at $74.40 on Thursday. Bank of Hawaii Co. has a fifty-two week low of $54.50 and a fifty-two week high of $82.70. The business has a 50-day moving average of $73.26 and a 200-day moving average of $69.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $2.96 billion, a PE ratio of 22.34 and a beta of 1.05.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. Equities research analysts forecast that Bank of Hawaii Co. will post 3.54 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Friday, February 28th. Bank of Hawaii’s payout ratio is 84.08%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BOH. DA Davidson raised their price target on Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Tuesday. Piper Sandler raised their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday. Barclays raised their price target on Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Stephens began coverage on Bank of Hawaii in a report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price target on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Bank of Hawaii presently has a consensus rating of “Hold” and a consensus target price of $73.00.

About Bank of Hawaii

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.