Nisa Investment Advisors LLC Decreases Holdings in Bank of Hawaii Co. (NYSE:BOH)

Nisa Investment Advisors LLC reduced its stake in Bank of Hawaii Co. (NYSE:BOH) by 7.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,776 shares of the bank’s stock after selling 1,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Bank of Hawaii were worth $926,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BOH. JPMorgan Chase & Co. boosted its stake in Bank of Hawaii by 5.8% in the first quarter. JPMorgan Chase & Co. now owns 70,245 shares of the bank’s stock valued at $5,895,000 after acquiring an additional 3,843 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Bank of Hawaii by 15.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,739 shares of the bank’s stock valued at $1,322,000 after purchasing an additional 2,093 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Bank of Hawaii by 43.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 14,531 shares of the bank’s stock worth $1,219,000 after buying an additional 4,423 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Bank of Hawaii by 6.1% in the first quarter. Private Advisor Group LLC now owns 8,757 shares of the bank’s stock valued at $735,000 after buying an additional 501 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of Bank of Hawaii by 32.7% during the 1st quarter. MetLife Investment Management LLC now owns 26,023 shares of the bank’s stock valued at $2,184,000 after buying an additional 6,407 shares during the last quarter. Institutional investors own 82.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BOH shares. Keefe, Bruyette & Woods lowered their price objective on Bank of Hawaii from $57.00 to $55.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 23rd. Piper Sandler cut their price objective 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. StockNews.com raised shares of Bank of Hawaii to a “sell” rating in a report on Thursday, January 25th. Barclays started coverage on Bank of Hawaii in a report on Friday, March 8th. They issued an “underweight” rating and a $51.00 price target for the company. Finally, Jefferies Financial Group dropped their price objective on Bank of Hawaii from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $53.60.

Bank of Hawaii Stock Up 0.2 %

BOH opened at $58.37 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.70. Bank of Hawaii Co. has a one year low of $30.83 and a one year high of $75.19. The firm has a market capitalization of $2.32 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The company has a fifty day moving average price of $60.83 and a 200-day moving average price of $60.42.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, January 22nd. The bank reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Bank of Hawaii had a return on equity of 14.35% and a net margin of 17.35%. The business had revenue of $252.63 million during the quarter, compared to analysts’ expectations of $161.03 million. During the same period in the previous year, the business earned $1.50 earnings per share. Equities research analysts expect that Bank of Hawaii Co. will post 3.72 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend was Wednesday, February 28th. Bank of Hawaii’s dividend payout ratio is currently 67.47%.

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.