Nisa Investment Advisors LLC Decreases Stock Holdings in Bank of Hawaii Co. (NYSE:BOH)

Nisa Investment Advisors LLC lowered its stake in Bank of Hawaii Co. (NYSE:BOH) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,776 shares of the bank’s stock after selling 1,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Bank of Hawaii were worth $926,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Bank of Hawaii in the 4th quarter worth $8,952,000. FMR LLC boosted its position in Bank of Hawaii by 56.4% in the third quarter. FMR LLC now owns 53,998 shares of the bank’s stock worth $2,683,000 after purchasing an additional 19,480 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Bank of Hawaii by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,092 shares of the bank’s stock worth $55,558,000 after purchasing an additional 39,512 shares during the last quarter. North Reef Capital Management LP bought a new stake in shares of Bank of Hawaii during the 3rd quarter valued at about $8,479,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Bank of Hawaii by 47.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 147,749 shares of the bank’s stock valued at $7,342,000 after purchasing an additional 47,282 shares during the last quarter. Institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

NYSE:BOH opened at $58.37 on Tuesday. The business’s 50-day simple moving average is $60.83 and its two-hundred day simple moving average is $60.42. Bank of Hawaii Co. has a 52 week low of $30.83 and a 52 week high of $75.19. The stock has a market cap of $2.32 billion, a PE ratio of 14.07, a P/E/G ratio of 1.96 and a beta of 1.06. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.45.

Bank of Hawaii (NYSE:BOH) last issued its earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Bank of Hawaii had a return on equity of 14.35% and a net margin of 17.35%. The company had revenue of $252.63 million for the quarter, compared to the consensus estimate of $161.03 million. During the same quarter last year, the company earned $1.50 EPS. As a group, analysts forecast that Bank of Hawaii Co. will post 3.72 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.80%. Bank of Hawaii’s dividend payout ratio is 67.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating on the stock in a report on Tuesday, January 23rd. Barclays started coverage on shares of Bank of Hawaii in a research note on Friday, March 8th. They set an “underweight” rating and a $51.00 price target on the stock. 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. StockNews.com raised Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Finally, Jefferies Financial Group decreased their price objective on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $53.60.

Bank of Hawaii 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.