First Hawaiian Bank Sells 26,202 Shares of Bank of Hawaii Corporation $BOH

First Hawaiian Bank reduced its holdings in Bank of Hawaii Corporation (NYSE:BOH) by 44.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 32,424 shares of the bank’s stock after selling 26,202 shares during the quarter. First Hawaiian Bank’s holdings in Bank of Hawaii were worth $2,236,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BOH. Bank of America Corp DE boosted its position in shares of Bank of Hawaii by 24.5% during the fourth quarter. Bank of America Corp DE now owns 148,701 shares of the bank’s stock valued at $10,593,000 after purchasing an additional 29,272 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Bank of Hawaii by 3.7% during the fourth quarter. Cetera Investment Advisers now owns 4,457 shares of the bank’s stock valued at $318,000 after purchasing an additional 158 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Bank of Hawaii by 26.7% during the fourth quarter. Deutsche Bank AG now owns 106,517 shares of the bank’s stock valued at $7,588,000 after purchasing an additional 22,422 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Bank of Hawaii by 452.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 35,546 shares of the bank’s stock valued at $2,532,000 after purchasing an additional 29,114 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Bank of Hawaii by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,245 shares of the bank’s stock valued at $1,585,000 after purchasing an additional 862 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors.

Bank of Hawaii Stock Down 1.2%

Bank of Hawaii stock opened at $68.02 on Friday. The stock has a market cap of $2.71 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii Corporation has a one year low of $57.44 and a one year high of $82.70. The stock has a fifty day moving average of $66.55 and a 200 day moving average of $66.97.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, July 28th. The bank reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The company had revenue of $174.48 million during the quarter, compared to analysts’ expectations of $177.82 million. Bank of Hawaii had a return on equity of 12.67% and a net margin of 16.30%.During the same quarter in the prior year, the business earned $0.81 earnings per share. As a group, sell-side analysts predict that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, August 29th. Bank of Hawaii’s dividend payout ratio is 73.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Piper Sandler assumed coverage on Bank of Hawaii in a research report on Thursday, August 21st. They set a “neutral” rating and a $71.00 price target on the stock. Barclays lifted their price target on Bank of Hawaii from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, July 8th. Finally, Stephens dropped their target price on Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and an average price target of $75.00.

Bank of Hawaii Company Profile

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.