Bank of Hawaii Corporation $BOH Holdings Trimmed by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. lowered its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 42.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,583 shares of the bank’s stock after selling 145,915 shares during the quarter. Basswood Capital Management L.L.C. owned 0.50% of Bank of Hawaii worth $13,714,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Danske Bank A S bought a new position in Bank of Hawaii during the fourth quarter valued at about $27,000. Quarry LP boosted its stake in Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after buying an additional 539 shares in the last quarter. Strs Ohio bought a new position in Bank of Hawaii during the first quarter valued at about $41,000. EverSource Wealth Advisors LLC boosted its stake in Bank of Hawaii by 461.3% during the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after buying an additional 512 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Bank of Hawaii by 63.6% during the fourth quarter. Farther Finance Advisors LLC now owns 736 shares of the bank’s stock valued at $50,000 after purchasing an additional 286 shares during the last quarter. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Up 1.6%

Shares of Bank of Hawaii stock opened at $80.13 on Friday. The stock has a 50-day moving average price of $77.78 and a 200 day moving average price of $74.38. The company has a market cap of $3.17 billion, a P/E ratio of 16.19, a P/E/G ratio of 0.84 and a beta of 0.71. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. Bank of Hawaii Corporation has a 1 year low of $59.36 and a 1 year high of $82.74.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). The business had revenue of $192.32 million during the quarter, compared to analysts’ expectations of $193.53 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same period in the prior year, the company posted $0.97 earnings per share. As a group, analysts expect that Bank of Hawaii Corporation will post 5.91 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, May 29th. Bank of Hawaii’s dividend payout ratio is currently 56.57%.

Analysts Set New Price Targets

Several brokerages have recently commented on BOH. Piper Sandler reduced their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Stephens upped their target price on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings raised Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Zacks Research downgraded Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Keefe, Bruyette & Woods upped their target price on Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $85.40.

About Bank of Hawaii

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.