Everett Harris & Co. CA Cuts Stock Position in Bank of Hawaii Co. (NYSE:BOH)

Everett Harris & Co. CA lessened its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 16.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 20,300 shares of the bank’s stock after selling 4,000 shares during the quarter. Everett Harris & Co. CA’s holdings in Bank of Hawaii were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Bank of Hawaii by 38.3% during the second quarter. BlackRock Inc. now owns 5,222,846 shares of the bank’s stock worth $215,338,000 after purchasing an additional 1,445,598 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Bank of Hawaii by 1.3% during the third quarter. Vanguard Group Inc. now owns 3,977,581 shares of the bank’s stock worth $302,774,000 after purchasing an additional 49,163 shares during the last quarter. State Street Corp raised its stake in shares of Bank of Hawaii by 101.2% during the second quarter. State Street Corp now owns 3,094,213 shares of the bank’s stock worth $127,574,000 after purchasing an additional 1,556,146 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Bank of Hawaii by 28.6% during the third quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock worth $131,789,000 after acquiring an additional 590,492 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Bank of Hawaii by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,092 shares of the bank’s stock worth $55,558,000 after acquiring an additional 39,512 shares during the period. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Bank of Hawaii Stock Down 0.0 %

Bank of Hawaii stock opened at $62.39 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Bank of Hawaii Co. has a fifty-two week low of $30.83 and a fifty-two week high of $75.19. The stock’s fifty day moving average is $61.95 and its two-hundred day moving average is $59.37.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The business had revenue of $252.63 million for the quarter, compared to analyst estimates of $161.03 million. Bank of Hawaii had a return on equity of 14.35% and a net margin of 17.35%. During the same quarter last year, the company earned $1.50 earnings per share. Analysts predict that Bank of Hawaii Co. will post 3.7 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Wednesday, February 28th. Bank of Hawaii’s payout ratio is currently 67.47%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TheStreet raised Bank of Hawaii from a “c+” rating to a “b-” rating in a report on Friday, December 8th. Barclays assumed coverage on Bank of Hawaii in a report on Friday, March 8th. They set an “underweight” rating and a $51.00 price objective on the stock. Piper Sandler dropped their price objective on Bank of Hawaii from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Tuesday, January 23rd. StockNews.com raised Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods dropped their price objective on Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating on the stock in a report on Tuesday, January 23rd. Four 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 a consensus rating of “Reduce” and a consensus price target of $51.60.

Bank of Hawaii Company Profile

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, overdraft 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, as well as 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.