Basswood Capital Management L.L.C. Has $13.71 Million Stake in Bank of Hawaii Corporation $BOH

Basswood Capital Management L.L.C. trimmed its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 42.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,583 shares of the bank’s stock after selling 145,915 shares during the quarter. Basswood Capital Management L.L.C.’s holdings in Bank of Hawaii were worth $13,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Danske Bank A S acquired a new stake in shares of Bank of Hawaii during the 4th quarter valued at about $27,000. Quarry LP lifted its holdings 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 last quarter. Strs Ohio acquired a new stake in shares of Bank of Hawaii during the 1st quarter valued at about $41,000. EverSource Wealth Advisors LLC lifted 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 buying an additional 512 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Bank of Hawaii by 63.6% during the 4th quarter. Farther Finance Advisors LLC now owns 736 shares of the bank’s stock valued at $50,000 after buying an additional 286 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Stock Up 1.6%

Shares of BOH stock opened at $80.13 on Friday. The stock’s 50 day simple moving average is $77.78 and its 200 day simple moving average is $74.38. 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 Corporation has a twelve month low of $59.36 and a twelve month high of $82.74. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.84 and a beta of 0.71.

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

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, May 29th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 56.57%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BOH shares. Piper Sandler reduced their price target on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Barclays lifted their price target 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 raised their price objective on Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Finally, Wall Street Zen downgraded Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.