Dimensional Fund Advisors LP Sells 20,562 Shares of Bank of Hawaii Co. (NYSE:BOH)

Dimensional Fund Advisors LP cut its stake in shares of Bank of Hawaii Co. (NYSE:BOHFree Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 626,290 shares of the bank’s stock after selling 20,562 shares during the quarter. Dimensional Fund Advisors LP owned 1.58% of Bank of Hawaii worth $45,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BOH. GAMMA Investing LLC bought a new stake in Bank of Hawaii during the 4th quarter worth approximately $41,000. Strs Ohio bought a new stake in Bank of Hawaii during the 4th quarter worth approximately $50,000. Allspring Global Investments Holdings LLC grew its holdings in Bank of Hawaii by 2,197.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 781 shares of the bank’s stock worth $39,000 after acquiring an additional 747 shares during the last quarter. Covestor Ltd grew its holdings in 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. Finally, iA Global Asset Management Inc. bought a new stake in Bank of Hawaii during the 3rd quarter worth approximately $123,000. 82.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on BOH. Jefferies Financial Group reduced 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. Keefe, Bruyette & Woods boosted their price target on shares of Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 23rd. Piper Sandler dropped their price target on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” 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 Monday, May 13th. Finally, 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. Four analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat, Bank of Hawaii presently has a consensus rating of “Reduce” and a consensus target price of $52.20.

Get Our Latest Stock Report on BOH

Bank of Hawaii Stock Down 0.1 %

Bank of Hawaii stock opened at $56.34 on Thursday. 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 Co. has a 12-month low of $37.14 and a 12-month high of $75.19. The firm’s fifty day moving average is $59.03 and its 200 day moving average is $62.25. The company has a market capitalization of $2.24 billion, a PE ratio of 14.52 and a beta of 1.08.

Bank of Hawaii (NYSE:BOHGet Free Report) last released its earnings results on Friday, April 26th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a net margin of 15.91% and a return on equity of 13.25%. The company had revenue of $252.64 million for the quarter, compared to analyst estimates of $160.79 million. During the same quarter in the previous year, the firm earned $1.14 EPS. As a group, sell-side analysts predict that Bank of Hawaii Co. will post 3.51 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.80 dividend on an annualized basis and a yield of 4.97%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 72.16%.

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.

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

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