Bank of Hawaii Co. (NYSE:BOH) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in Bank of Hawaii Co. (NYSE:BOH - Free Report) by 509.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,143 shares of the bank's stock after purchasing an additional 30,214 shares during the period. Hsbc Holdings PLC owned about 0.09% of Bank of Hawaii worth $2,566,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Bank of Hawaii by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,618,206 shares of the bank's stock valued at $329,001,000 after buying an additional 31,918 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Bank of Hawaii by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock worth $111,955,000 after acquiring an additional 60,092 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Bank of Hawaii by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 840,574 shares of the bank's stock worth $59,884,000 after acquiring an additional 42,719 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its position in shares of Bank of Hawaii by 9.5% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 563,259 shares of the bank's stock valued at $40,127,000 after purchasing an additional 48,999 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Bank of Hawaii in the 4th quarter valued at $27,495,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bank of Hawaii news, insider Taryn L. Salmon sold 1,652 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total value of $109,279.80. Following the transaction, the insider now directly owns 6,442 shares of the company's stock, valued at approximately $426,138.30. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BOH. DA Davidson increased their target price on Bank of Hawaii from $75.00 to $79.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Piper Sandler raised their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 28th. Finally, Barclays boosted their target price on Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $73.17.

Bank of Hawaii Stock Performance

Shares of Bank of Hawaii stock traded down $0.33 on Tuesday, hitting $67.93. The stock had a trading volume of 27,048 shares, compared to its average volume of 369,782. The company's 50 day moving average price is $66.71 and its 200 day moving average price is $71.02. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 19.66 and a beta of 0.76. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii Co. has a 52-week low of $54.50 and a 52-week high of $82.70.

Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. The business had revenue of $169.87 million during the quarter, compared to the consensus estimate of $168.65 million. During the same period in the prior year, the company earned $0.87 earnings per share. On average, research analysts anticipate that Bank of Hawaii Co. will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.12%. Bank of Hawaii's dividend payout ratio (DPR) is 78.65%.

About Bank of Hawaii

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.