Newport Trust Company LLC Cuts Stock Holdings in Bank of Hawaii Corporation $BOH

Newport Trust Company LLC lowered its stake in shares of Bank of Hawaii Corporation (NYSE:BOH) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 348,039 shares of the bank’s stock after selling 12,230 shares during the period. Newport Trust Company LLC owned approximately 0.87% of Bank of Hawaii worth $23,795,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in Bank of Hawaii during the 4th quarter valued at $27,000. Quarry LP raised its position in shares of Bank of Hawaii by 1,497.2% during the 3rd 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 shares of Bank of Hawaii in the 1st quarter worth approximately $41,000. EverSource Wealth Advisors LLC raised its holdings in shares of Bank of Hawaii by 461.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after purchasing an additional 512 shares in the last quarter. Finally, Farther Finance Advisors LLC raised 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 acquiring an additional 286 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BOH. Piper Sandler lowered their price objective on shares of 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. Keefe, Bruyette & Woods upped their price objective on shares of Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Zacks Research downgraded shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings upgraded shares of Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 29th. Finally, DA Davidson upped their target price on shares of Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.40.

Bank of Hawaii Stock Down 0.1%

Shares of NYSE BOH opened at $78.15 on Friday. The firm has a market capitalization of $3.10 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 0.82 and a beta of 0.73. 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. The firm’s 50-day moving average is $76.41 and its 200-day moving average is $73.07.

Bank of Hawaii (NYSE:BOH) last issued its earnings results 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 the consensus estimate 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 period last year, the business posted $0.97 EPS. Equities analysts expect that Bank of Hawaii Corporation will post 5.91 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, May 29th. Bank of Hawaii’s dividend payout ratio (DPR) is 56.57%.

Bank of Hawaii 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.