Northern Trust Corp Sells 4,358 Shares of Bank of Hawaii Corporation $BOH

Northern Trust Corp decreased its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436,277 shares of the bank’s stock after selling 4,358 shares during the period. Northern Trust Corp owned approximately 1.10% of Bank of Hawaii worth $30,090,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BOH. Versant Capital Management Inc increased its position in Bank of Hawaii by 80.2% during the 1st quarter. Versant Capital Management Inc now owns 391 shares of the bank’s stock worth $27,000 after buying an additional 174 shares during the period. Private Trust Co. NA increased its position in Bank of Hawaii by 18,333.3% during the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank’s stock worth $38,000 after buying an additional 550 shares during the period. Golden State Wealth Management LLC increased its position in Bank of Hawaii by 110.5% during the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank’s stock worth $40,000 after buying an additional 305 shares during the period. Public Employees Retirement System of Ohio bought a new position in Bank of Hawaii during the 4th quarter worth $49,000. Finally, CWM LLC grew its holdings in shares of Bank of Hawaii by 31.9% during the 1st quarter. CWM LLC now owns 1,643 shares of the bank’s stock worth $113,000 after purchasing an additional 397 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

Analysts Set New Price Targets

BOH has been the topic of several analyst reports. Stephens reduced their target price on Bank of Hawaii from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, July 29th. Barclays increased their target price on Bank of Hawaii from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Tuesday, July 8th. Finally, Piper Sandler initiated coverage on Bank of Hawaii in a report on Thursday, August 21st. They set a “neutral” rating and a $71.00 target price on the stock. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $75.00.

Bank of Hawaii Stock Performance

NYSE:BOH opened at $67.95 on Friday. The stock’s 50-day simple moving average is $66.70 and its 200 day simple moving average is $67.23. The firm has a market capitalization of $2.70 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 0.88 and a beta of 0.80. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.40. Bank of Hawaii Corporation has a twelve month low of $57.44 and a twelve month high of $82.70.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.02. The business had revenue of $174.48 million for the quarter, compared to analyst estimates of $177.82 million. Bank of Hawaii had a return on equity of 12.67% and a net margin of 16.30%.During the same period last year, the firm posted $0.81 earnings per share. On average, analysts anticipate that Bank of Hawaii Corporation will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.80 annualized dividend and a yield of 4.1%. Bank of Hawaii’s dividend payout ratio (DPR) is 73.49%.

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.