Amalgamated Bank Has $1.08 Million Position in Bank of Hawaii Co. (NYSE:BOH)

Amalgamated Bank reduced its stake in shares of Bank of Hawaii Co. (NYSE:BOHFree Report) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,852 shares of the bank’s stock after selling 549 shares during the quarter. Amalgamated Bank’s holdings in Bank of Hawaii were worth $1,076,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BOH. Cambridge Investment Research Advisors Inc. grew its position in shares of Bank of Hawaii by 9.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 9,371 shares of the bank’s stock worth $466,000 after buying an additional 841 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Bank of Hawaii by 18.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 43,345 shares of the bank’s stock valued at $2,154,000 after purchasing an additional 6,736 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bank of Hawaii by 20.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,564 shares of the bank’s stock valued at $426,000 after purchasing an additional 1,426 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Bank of Hawaii by 5.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,035 shares of the bank’s stock valued at $1,095,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Bank of Hawaii by 2,197.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 781 shares of the bank’s stock valued at $39,000 after purchasing an additional 747 shares in the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on Bank of Hawaii

Bank of Hawaii Trading Down 0.3 %

NYSE BOH opened at $59.89 on Thursday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 2.10 and a beta of 1.08. The stock’s 50 day moving average price is $59.65 and its two-hundred day moving average price is $61.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.70 and a current ratio of 0.70. Bank of Hawaii Co. has a 52 week low of $34.20 and a 52 week high of $75.19.

Bank of Hawaii (NYSE:BOHGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.87 earnings per share (EPS) 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 company had revenue of $252.64 million for the quarter, compared to the consensus estimate of $160.79 million. During the same quarter in the prior year, the company earned $1.14 EPS. As a group, analysts anticipate that Bank of Hawaii Co. will post 3.53 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, May 31st. Bank of Hawaii’s dividend payout ratio is currently 72.16%.

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.

See Also

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

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