Barclays PLC Sells 10,476 Shares of Bank of Hawaii Co. (NYSE:BOH)

Barclays PLC trimmed its holdings in shares of Bank of Hawaii Co. (NYSE:BOHFree Report) by 6.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 158,093 shares of the bank’s stock after selling 10,476 shares during the period. Barclays PLC’s holdings in Bank of Hawaii were worth $7,855,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BOH. Sei Investments Co. grew its stake in Bank of Hawaii by 1.9% in the 1st quarter. Sei Investments Co. now owns 8,223 shares of the bank’s stock worth $724,000 after acquiring an additional 151 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of Bank of Hawaii by 27.9% during the first quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock valued at $60,000 after purchasing an additional 155 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Bank of Hawaii by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 21,833 shares of the bank’s stock valued at $1,662,000 after purchasing an additional 169 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Bank of Hawaii by 16.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,387 shares of the bank’s stock valued at $108,000 after purchasing an additional 194 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Bank of Hawaii by 72.4% during the first quarter. Covestor Ltd now owns 707 shares of the bank’s stock valued at $59,000 after purchasing an additional 297 shares in the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BOH has been the subject of a number of analyst reports. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods decreased their target price on shares of Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating for the company in a research report on Tuesday, January 23rd. Piper Sandler decreased their price target on shares of Bank of Hawaii from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, January 23rd. Finally, TheStreet raised shares of Bank of Hawaii from a “c+” rating to a “b-” rating in a report on Friday, December 8th. Three equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to MarketBeat.com, Bank of Hawaii currently has an average rating of “Reduce” and an average price target of $52.40.

Read Our Latest Report on BOH

Bank of Hawaii Stock Down 0.3 %

BOH stock opened at $60.28 on Thursday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 14.53, a P/E/G ratio of 2.05 and a beta of 1.09. The firm has a 50-day simple moving average of $67.73 and a 200-day simple moving average of $57.65. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. Bank of Hawaii Co. has a 52 week low of $30.83 and a 52 week high of $78.79.

Bank of Hawaii (NYSE:BOHGet Free Report) last posted its quarterly earnings results on Monday, January 22nd. The bank reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The firm had revenue of $252.63 million for the quarter, compared to analyst estimates of $161.03 million. Bank of Hawaii had a net margin of 17.35% and a return on equity of 14.35%. During the same period in the previous year, the business posted $1.50 earnings per share. Equities analysts forecast that Bank of Hawaii Co. will post 3.69 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 29th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 4.64%. Bank of Hawaii’s payout ratio is presently 67.47%.

About Bank of Hawaii

(Free Report)

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, and high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.

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Institutional Ownership by Quarter for Bank of Hawaii (NYSE:BOH)

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