Vanguard Group Inc. Has $226.70 Million Stock Position in Bank of Hawaii Co. (NYSE:BOH)

Vanguard Group Inc. grew its stake in shares of Bank of Hawaii Co. (NYSE:BOHFree Report) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,562,183 shares of the bank’s stock after purchasing an additional 6,950 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Bank of Hawaii worth $226,695,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BOH. Sei Investments Co. increased its holdings in shares of Bank of Hawaii by 1.9% during the 1st quarter. Sei Investments Co. now owns 8,223 shares of the bank’s stock worth $724,000 after acquiring an additional 151 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in shares of Bank of Hawaii by 27.9% during the 1st quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock worth $60,000 after acquiring an additional 155 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Bank of Hawaii by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 21,833 shares of the bank’s stock worth $1,662,000 after acquiring an additional 169 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Bank of Hawaii by 16.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,387 shares of the bank’s stock worth $108,000 after acquiring an additional 194 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Bank of Hawaii by 17.1% during the 3rd quarter. Covestor Ltd now owns 1,429 shares of the bank’s stock worth $71,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $62.39 on Friday. The stock has a fifty day moving average price of $61.83 and a 200-day moving average price of $59.46. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 2.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii Co. has a fifty-two week low of $30.83 and a fifty-two week high of $75.19.

Bank of Hawaii (NYSE:BOHGet Free Report) last released its earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The firm had revenue of $252.63 million during the quarter, compared to the consensus estimate of $161.03 million. Bank of Hawaii had a return on equity of 14.35% and a net margin of 17.35%. During the same period in the prior year, the company posted $1.50 EPS. As a group, equities analysts anticipate that Bank of Hawaii Co. will post 3.7 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.49%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 67.47%.

Wall Street Analyst Weigh In

BOH has been the topic of a number of recent analyst reports. Piper Sandler decreased their target price on Bank of Hawaii from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. Barclays assumed coverage on Bank of Hawaii in a research note on Friday, March 8th. They issued an “underweight” rating and a $51.00 price target for the company. TheStreet upgraded Bank of Hawaii from a “c+” rating to a “b-” rating in a research note on Friday, December 8th. Keefe, Bruyette & Woods reduced their price target on Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating for the company in a research note on Tuesday, January 23rd. Finally, StockNews.com upgraded Bank of Hawaii to a “sell” rating in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $51.60.

Read Our Latest Stock Report on BOH

Bank of Hawaii Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BOH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Hawaii Co. (NYSE:BOHFree Report).

Institutional Ownership by Quarter for Bank of Hawaii (NYSE:BOH)

Receive News & Ratings for Bank of Hawaii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii and related companies with MarketBeat.com's FREE daily email newsletter.