Bank of Hawaii Corporation $BOH Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of Bank of Hawaii Corporation (NYSE:BOH) by 277.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 105,829 shares of the bank’s stock after acquiring an additional 77,828 shares during the period. BNP Paribas Financial Markets’ holdings in Bank of Hawaii were worth $7,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Danske Bank A S acquired a new position in shares of Bank of Hawaii during the fourth quarter worth approximately $27,000. Quarry LP boosted its position in shares of Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock worth $38,000 after buying an additional 539 shares during the period. Strs Ohio acquired a new stake in Bank of Hawaii in the first quarter worth approximately $41,000. EverSource Wealth Advisors LLC lifted its position in Bank of Hawaii by 461.3% in the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after purchasing an additional 512 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Bank of Hawaii by 63.6% in the fourth quarter. Farther Finance Advisors LLC now owns 736 shares of the bank’s stock worth $50,000 after purchasing an additional 286 shares during the period. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Price Performance

NYSE BOH opened at $77.90 on Wednesday. The stock has a market capitalization of $3.09 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.80 and a beta of 0.71. Bank of Hawaii Corporation has a 1 year low of $59.36 and a 1 year high of $82.74. The business’s fifty day moving average is $77.48 and its two-hundred day moving average is $74.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 0.69.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). The company had revenue of $192.32 million during the quarter, compared to the consensus estimate of $193.53 million. Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. During the same period in the prior year, the company posted $0.97 EPS. On average, research analysts forecast that Bank of Hawaii Corporation will post 5.91 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, May 29th. Bank of Hawaii’s payout ratio is 56.57%.

Analysts Set New Price Targets

BOH has been the subject of a number of research analyst reports. Stephens upped their target price on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Piper Sandler cut their target price on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research report 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. Zacks Research downgraded Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, DA Davidson upped their target price on Bank of Hawaii from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Bank of Hawaii has an average rating of “Hold” and an average target price of $85.40.

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.