Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Swedbank AB

Swedbank AB reduced its position in Bank of Hawaii Co. (NYSE:BOH) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650,000 shares of the bank’s stock after selling 50,000 shares during the period. Swedbank AB owned approximately 1.64% of Bank of Hawaii worth $46,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Bank of Hawaii by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 908,303 shares of the bank’s stock valued at $57,025,000 after purchasing an additional 10,357 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Bank of Hawaii by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,511,420 shares of the bank’s stock worth $94,872,000 after acquiring an additional 35,187 shares in the last quarter. Barclays PLC lifted its position in Bank of Hawaii by 91.2% during the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank’s stock worth $5,870,000 after acquiring an additional 44,599 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Bank of Hawaii by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,591 shares of the bank’s stock worth $5,435,000 after acquiring an additional 10,390 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Bank of Hawaii during the 3rd quarter worth approximately $1,823,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Stock Performance

Shares of BOH opened at $74.40 on Thursday. The business’s 50 day moving average is $73.26 and its two-hundred day moving average is $69.40. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 22.34 and a beta of 1.05. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 13.76% and a return on equity of 11.33%. Analysts forecast that Bank of Hawaii Co. will post 3.54 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.70 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.76%. Bank of Hawaii’s dividend payout ratio (DPR) is 84.08%.

Analysts Set New Price Targets

Several research firms recently commented on BOH. DA Davidson boosted their price target on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Barclays boosted their price target on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Stephens assumed coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 target price on the stock. Finally, Piper Sandler upped their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.00.

About Bank of Hawaii

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.