Hsbc Holdings PLC Purchases Shares of 90,102 Bank of Hawaii Corporation $BOH

Hsbc Holdings PLC acquired a new position in Bank of Hawaii Corporation (NYSE:BOH) in the 4th quarter, Holdings Channel reports. The firm acquired 90,102 shares of the bank’s stock, valued at approximately $6,164,000.

A number of other hedge funds have also made changes to their positions in the business. DF Dent & Co. Inc. boosted its position in Bank of Hawaii by 4.8% during the 3rd quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock worth $225,000 after purchasing an additional 157 shares during the period. MAI Capital Management increased its holdings in Bank of Hawaii by 5.7% in the 3rd quarter. MAI Capital Management now owns 2,972 shares of the bank’s stock valued at $195,000 after purchasing an additional 160 shares in the last quarter. Hantz Financial Services Inc. raised its position in Bank of Hawaii by 11.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,520 shares of the bank’s stock valued at $104,000 after purchasing an additional 160 shares during the period. First Affirmative Financial Network lifted its stake in shares of Bank of Hawaii by 5.6% during the third quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock worth $220,000 after purchasing an additional 178 shares in the last quarter. Finally, Rothschild Investment LLC lifted its stake in shares of Bank of Hawaii by 6.2% during the fourth quarter. Rothschild Investment LLC now owns 3,213 shares of the bank’s stock worth $220,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BOH. Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. DA Davidson upped their price target on Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. Piper Sandler lowered their price objective on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Finally, Weiss Ratings raised shares of Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.40.

Bank of Hawaii Stock Up 0.4%

Shares of Bank of Hawaii stock opened at $82.11 on Friday. The business has a 50-day moving average of $78.20 and a 200-day moving average of $75.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $3.25 billion, a PE ratio of 16.59, a P/E/G ratio of 0.86 and a beta of 0.71. Bank of Hawaii Corporation has a 1-year low of $59.36 and a 1-year high of $83.18.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, April 20th. The bank reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.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 EPS. As a group, equities analysts forecast that Bank of Hawaii Corporation will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued 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 payout ratio is currently 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.