Bank of Hawaii Corporation $BOH Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Bank of Hawaii Corporation (NYSE:BOH) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,450 shares of the bank’s stock after selling 11,328 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.16% of Bank of Hawaii worth $34,263,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Danske Bank A S purchased a new position in Bank of Hawaii during the fourth quarter valued at approximately $27,000. SHP Wealth Management acquired a new stake in shares of Bank of Hawaii during the 4th quarter valued at $34,000. Quarry LP boosted its stake in shares of Bank of Hawaii by 1,497.2% during the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after buying an additional 539 shares during the period. Strs Ohio purchased a new position in shares of Bank of Hawaii during the 1st quarter valued at $41,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Bank of Hawaii by 461.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after acquiring an additional 512 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BOH shares. Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Piper Sandler lowered their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Keefe, Bruyette & Woods upped their target price on Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. DA Davidson raised their price target on Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Finally, Benchmark started coverage on Bank of Hawaii in a report on Wednesday, July 8th. They set a “hold” rating for the company. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.80.

Bank of Hawaii Trading Up 0.2%

Shares of NYSE:BOH opened at $84.12 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.33 billion, a PE ratio of 16.99, a P/E/G ratio of 0.89 and a beta of 0.70. Bank of Hawaii Corporation has a 1 year low of $59.36 and a 1 year high of $86.31. The firm has a fifty day moving average price of $80.09 and a 200 day moving average price of $77.28.

Bank of Hawaii Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.