InterOcean Capital Group LLC Has $1.48 Million Holdings in Bank of Hawaii Co. (NYSE:BOH)

InterOcean Capital Group LLC trimmed its stake in shares of Bank of Hawaii Co. (NYSE:BOHFree Report) by 6.7% during the fourth quarter, HoldingsChannel reports. The fund owned 20,373 shares of the bank’s stock after selling 1,474 shares during the period. InterOcean Capital Group LLC’s holdings in Bank of Hawaii were worth $1,476,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in shares of Bank of Hawaii by 28.6% in the third quarter. Victory Capital Management Inc. now owns 2,652,216 shares of the bank’s stock valued at $131,789,000 after acquiring an additional 590,492 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Bank of Hawaii by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,142,123 shares of the bank’s stock valued at $82,758,000 after buying an additional 24,031 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Bank of Hawaii by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 508,933 shares of the bank’s stock worth $36,877,000 after acquiring an additional 2,495 shares in the last quarter. Northern Trust Corp lifted its stake in Bank of Hawaii by 0.9% in the third quarter. Northern Trust Corp now owns 415,092 shares of the bank’s stock valued at $20,626,000 after acquiring an additional 3,736 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Bank of Hawaii in the 4th quarter valued at about $29,508,000. 82.18% of the stock is owned by institutional investors.

Bank of Hawaii Stock Performance

NYSE:BOH traded down $0.60 during mid-day trading on Thursday, hitting $57.64. 16,367 shares of the stock were exchanged, compared to its average volume of 311,650. 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’s 50-day simple moving average is $59.33 and its 200 day simple moving average is $62.12. Bank of Hawaii Co. has a fifty-two week low of $37.14 and a fifty-two week high of $75.19. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08.

Bank of Hawaii (NYSE:BOHGet Free Report) last posted its earnings results on Friday, April 26th. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Bank of Hawaii had a return on equity of 13.25% and a net margin of 15.91%. The firm had revenue of $252.64 million for the quarter, compared to analyst estimates of $160.79 million. During the same period in the prior year, the business posted $1.14 EPS. As a group, equities analysts anticipate that Bank of Hawaii Co. will post 3.51 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.86%. Bank of Hawaii’s payout ratio is presently 72.16%.

Analyst Upgrades and Downgrades

BOH has been the subject of several recent analyst reports. Barclays cut their target price on shares of Bank of Hawaii from $51.00 to $50.00 and set an “underweight” rating for the company in a research note on Tuesday, April 23rd. Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $55.00 to $58.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group decreased their target price 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. StockNews.com raised Bank of Hawaii to a “sell” rating in a report on Monday, May 13th. Finally, Piper Sandler decreased their price objective on shares of Bank of Hawaii from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Hawaii presently has a consensus rating of “Reduce” and an average target price of $52.20.

Read Our Latest Stock Analysis on Bank of Hawaii

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, 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.

Further Reading

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

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