Bank of Hawaii Corporation $BOH Position Cut by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in Bank of Hawaii Corporation (NYSE:BOH) by 35.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,587 shares of the bank’s stock after selling 31,515 shares during the period. Hsbc Holdings PLC’s holdings in Bank of Hawaii were worth $4,367,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. DF Dent & Co. Inc. grew its stake in shares of Bank of Hawaii by 4.8% in the third quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock worth $225,000 after purchasing an additional 157 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Bank of Hawaii by 11.8% during 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 in the last quarter. Rothschild Investment LLC lifted its holdings in Bank of Hawaii by 6.2% in 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 during the period. Cerity Partners LLC grew its position in Bank of Hawaii by 1.2% in the 2nd quarter. Cerity Partners LLC now owns 16,391 shares of the bank’s stock valued at $1,107,000 after buying an additional 196 shares in the last quarter. Finally, Krilogy Financial LLC increased its stake in Bank of Hawaii by 3.8% during the 4th quarter. Krilogy Financial LLC now owns 5,478 shares of the bank’s stock valued at $411,000 after buying an additional 199 shares during the period. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Trading Down 0.7%

NYSE BOH opened at $84.12 on Friday. Bank of Hawaii Corporation has a 1-year low of $59.36 and a 1-year high of $86.31. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3.33 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70. The firm’s fifty day simple moving average is $80.09 and its 200-day simple moving average is $77.23.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BOH. Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings upgraded Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Piper Sandler decreased their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Benchmark initiated coverage on Bank of Hawaii in a research note on Wednesday, July 8th. They set a “hold” rating for the company. Finally, Stephens lifted their target price on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.80.

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.