UBS Group AG Has $9.06 Million Stock Position in Bank of Hawaii Corporation $BOH

UBS Group AG lowered its holdings in Bank of Hawaii Corporation (NYSE:BOH) by 32.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,492 shares of the bank’s stock after selling 62,962 shares during the quarter. UBS Group AG owned 0.33% of Bank of Hawaii worth $9,058,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOH. Royal Bank of Canada grew its holdings in Bank of Hawaii by 16.4% in the 1st quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock valued at $1,808,000 after buying an additional 3,689 shares during the last quarter. AQR Capital Management LLC grew its holdings in Bank of Hawaii by 177.5% in the 1st quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock valued at $1,617,000 after buying an additional 15,234 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Bank of Hawaii by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock valued at $1,605,000 after buying an additional 1,027 shares during the last quarter. Intech Investment Management LLC grew its holdings in Bank of Hawaii by 35.8% in the 1st quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock valued at $1,366,000 after buying an additional 5,227 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Bank of Hawaii in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $75.64 on Monday. Bank of Hawaii Corporation has a 1-year low of $59.36 and a 1-year high of $82.74. The firm has a market capitalization of $3.00 billion, a PE ratio of 15.28, a PEG ratio of 0.79 and a beta of 0.73. The business’s 50 day moving average is $76.24 and its 200-day moving average is $72.72. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, April 20th. The bank reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). The firm had revenue of $192.32 million for the quarter, compared to analyst estimates of $193.53 million. Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.During the same period in the previous year, the business posted $0.97 EPS. Sell-side analysts predict that Bank of Hawaii Corporation will post 5.91 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, May 29th. Bank of Hawaii’s dividend payout ratio (DPR) is 56.57%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BOH. Barclays raised their target price on Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Stephens lifted their price objective on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Piper Sandler decreased their price objective on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Finally, Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Bank of Hawaii presently has a consensus rating of “Hold” and an average target price of $85.40.

Bank of Hawaii Company 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.