Hsbc Holdings PLC Makes New Investment in Bank of Hawaii Corporation $BOH

Hsbc Holdings PLC purchased a new stake in Bank of Hawaii Corporation (NYSE:BOH) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 90,102 shares of the bank’s stock, valued at approximately $6,164,000.

Several other large investors also recently made changes to their positions in the business. Danske Bank A S bought a new stake in shares of Bank of Hawaii in the 4th quarter worth approximately $27,000. SHP Wealth Management acquired a new stake in Bank of Hawaii during the fourth quarter valued at approximately $34,000. Quarry LP boosted its holdings in 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 buying an additional 539 shares in the last quarter. Strs Ohio bought a new stake in Bank of Hawaii during the first quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC grew its position in Bank of Hawaii by 461.3% in the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after buying an additional 512 shares during the last quarter. Institutional investors own 82.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on BOH shares. Stephens upped their price target on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Benchmark started coverage on Bank of Hawaii in a research note on Wednesday. They set a “hold” rating for the company. Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Piper Sandler cut 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, DA Davidson boosted their target price on Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $85.80.

Bank of Hawaii Stock Performance

Shares of BOH opened at $81.07 on Thursday. The company has a 50-day moving average of $78.79 and a two-hundred day moving average of $76.09. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.87 and a beta of 0.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.69. Bank of Hawaii Corporation has a one year low of $59.36 and a one year high of $83.81.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The firm had revenue of $192.32 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $0.97 EPS. On average, equities research analysts expect that Bank of Hawaii Corporation will post 5.89 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, May 29th. Bank of Hawaii’s payout ratio is presently 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.