Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in shares of Bank of Hawaii Co. (NYSE:BOH) by 5.0% in the fourth quarter, HoldingsChannel reports. The firm owned 29,319 shares of the bank’s stock after selling 1,544 shares during the period. Truist Financial Corp’s holdings in Bank of Hawaii were worth $2,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Bank of Hawaii by 28.6% in the third quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock worth $131,789,000 after purchasing an additional 590,492 shares during the period. Newport Trust Company LLC acquired a new stake in shares of Bank of Hawaii in the 3rd quarter worth approximately $20,170,000. North Reef Capital Management LP bought a new position in shares of Bank of Hawaii in the third quarter valued at approximately $8,479,000. Epoch Investment Partners Inc. acquired a new position in shares of Bank of Hawaii during the third quarter valued at approximately $6,404,000. Finally, International Assets Investment Management LLC bought a new stake in Bank of Hawaii during the fourth quarter worth approximately $8,952,000. Institutional investors own 82.18% of the company’s stock.

Analyst Ratings Changes

BOH has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price target on Bank of Hawaii from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Tuesday, April 23rd. Piper Sandler decreased their target price on Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 23rd. Barclays dropped their price target on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 23rd. StockNews.com upgraded shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Finally, Jefferies Financial Group dropped their target price on shares of Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $52.20.

Bank of Hawaii Trading Up 0.4 %

NYSE:BOH opened at $59.46 on Friday. The stock has a fifty day simple moving average of $59.79 and a 200 day simple moving average of $61.44. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. Bank of Hawaii Co. has a 1-year low of $30.83 and a 1-year high of $75.19. 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 announced its earnings results on Friday, April 26th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The firm had revenue of $252.64 million during the quarter, compared to analyst estimates of $160.79 million. During the same quarter in the previous year, the business earned $1.14 earnings per share. Sell-side analysts forecast that Bank of Hawaii Co. will post 3.53 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.70 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.71%. Bank of Hawaii’s payout ratio is currently 72.16%.

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.