Bank of Hawaii Corporation $BOH Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of Bank of Hawaii Corporation (NYSE:BOH - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,544,436 shares of the bank's stock after selling 73,770 shares during the period. Vanguard Group Inc. owned about 11.44% of Bank of Hawaii worth $313,430,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in Bank of Hawaii by 80.2% during the first quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock worth $27,000 after acquiring an additional 174 shares during the period. Private Trust Co. NA raised its position in Bank of Hawaii by 18,333.3% during the first quarter. Private Trust Co. NA now owns 553 shares of the bank's stock worth $38,000 after acquiring an additional 550 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Bank of Hawaii by 110.5% during the first quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock worth $40,000 after buying an additional 305 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Bank of Hawaii during the fourth quarter worth $49,000. Finally, CWM LLC grew its holdings in shares of Bank of Hawaii by 31.9% during the first quarter. CWM LLC now owns 1,643 shares of the bank's stock worth $113,000 after buying an additional 397 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Bank of Hawaii Trading Up 4.8%

BOH stock traded up $3.1580 during mid-day trading on Friday, hitting $68.6980. 582,329 shares of the company were exchanged, compared to its average volume of 485,317. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.73 billion, a P/E ratio of 18.03, a PEG ratio of 0.85 and a beta of 0.80. The business has a fifty day simple moving average of $66.36 and a 200-day simple moving average of $67.49. Bank of Hawaii Corporation has a 12-month low of $57.44 and a 12-month high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its earnings results on Monday, July 28th. The bank reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.02. The company had revenue of $174.48 million during the quarter, compared to analyst estimates of $177.82 million. Bank of Hawaii had a net margin of 16.30% and a return on equity of 12.67%. During the same quarter last year, the firm posted $0.81 earnings per share. On average, equities research analysts predict that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, August 29th. Bank of Hawaii's dividend payout ratio (DPR) is 73.49%.

Wall Street Analyst Weigh In

BOH has been the subject of a number of research reports. Barclays upped their target price on shares of Bank of Hawaii from $67.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, July 8th. Piper Sandler started coverage on shares of Bank of Hawaii in a report on Thursday. They issued a "neutral" rating and a $71.00 price objective for the company. Finally, Stephens dropped their price objective on shares of Bank of Hawaii from $78.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $75.00.

Bank of Hawaii 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.