SG Americas Securities LLC lessened its stake in Bank of Hawaii Corporation (NYSE:BOH – Free Report) by 71.3% during the first quarter, Holdings Channel reports. The firm owned 8,501 shares of the bank’s stock after selling 21,101 shares during the period. SG Americas Securities LLC’s holdings in Bank of Hawaii were worth $631,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in BOH. Hsbc Holdings PLC purchased a new position in shares of Bank of Hawaii in the 4th quarter worth $6,164,000. Corient Private Wealth LLC grew its position in Bank of Hawaii by 10.2% during the fourth quarter. Corient Private Wealth LLC now owns 33,157 shares of the bank’s stock valued at $2,269,000 after acquiring an additional 3,061 shares during the period. SHP Wealth Management purchased a new stake in Bank of Hawaii during the fourth quarter valued at about $34,000. Mercer Global Advisors Inc. ADV increased its stake in Bank of Hawaii by 36.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,409 shares of the bank’s stock worth $575,000 after acquiring an additional 2,243 shares during the last quarter. Finally, Man Group plc purchased a new position in shares of Bank of Hawaii in the 4th quarter worth about $271,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.
Bank of Hawaii Trading Down 0.3%
Shares of BOH opened at $82.81 on Wednesday. Bank of Hawaii Corporation has a one year low of $59.36 and a one year high of $83.81. The stock has a 50-day moving average price of $78.74 and a 200 day moving average price of $76.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $3.28 billion, a P/E ratio of 16.73, a P/E/G ratio of 0.87 and a beta of 0.70.
Bank of Hawaii Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders 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 3.4%. The ex-dividend date was Friday, May 29th. Bank of Hawaii’s dividend payout ratio is 56.57%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on BOH shares. Wall Street Zen downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research downgraded shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Stephens raised their target price on shares of Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Piper Sandler cut their target price on shares of 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. Finally, Weiss Ratings raised shares of Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.80.
Get Our Latest Report on Bank of Hawaii
About Bank of Hawaii
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.
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