Newport Trust Company LLC Sells 12,230 Shares of Bank of Hawaii Corporation $BOH

Newport Trust Company LLC decreased its position in shares of Bank of Hawaii Corporation (NYSE:BOH) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 348,039 shares of the bank’s stock after selling 12,230 shares during the quarter. Newport Trust Company LLC’s holdings in Bank of Hawaii were worth $23,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. boosted its stake in Bank of Hawaii by 1,736.0% during the 3rd quarter. Federated Hermes Inc. now owns 35,380 shares of the bank’s stock worth $2,322,000 after acquiring an additional 33,453 shares during the last quarter. Peterson Wealth Services boosted its stake in Bank of Hawaii by 4,266.5% during the 3rd quarter. Peterson Wealth Services now owns 17,466 shares of the bank’s stock worth $1,146,000 after acquiring an additional 17,066 shares during the last quarter. Jefferies Financial Group Inc. boosted its stake in Bank of Hawaii by 157.0% during the 3rd quarter. Jefferies Financial Group Inc. now owns 27,283 shares of the bank’s stock worth $1,791,000 after acquiring an additional 16,665 shares during the last quarter. Numerai GP LLC bought a new position in Bank of Hawaii during the 3rd quarter worth approximately $5,893,000. Finally, Public Sector Pension Investment Board boosted its stake in Bank of Hawaii by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 155,147 shares of the bank’s stock worth $10,184,000 after acquiring an additional 19,815 shares during the last quarter. Institutional investors own 82.18% of the company’s stock.

Analyst Ratings Changes

BOH has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Bank of Hawaii from $83.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 7th. Keefe, Bruyette & Woods lifted their price target on shares of Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. DA Davidson lifted their price target on shares of Bank of Hawaii from $77.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st. Zacks Research lowered shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Wall Street Zen lowered shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Bank of Hawaii has an average rating of “Hold” and a consensus price target of $85.40.

Bank of Hawaii Stock Performance

NYSE BOH opened at $78.15 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $76.41 and its two-hundred day moving average price is $73.07. Bank of Hawaii Corporation has a 1 year low of $59.36 and a 1 year high of $82.74. The firm has a market capitalization of $3.10 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 0.82 and a beta of 0.73.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, April 20th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.The firm had revenue of $192.32 million for the quarter, compared to the consensus estimate of $193.53 million. During the same period last year, the company posted $0.97 earnings per share. As a group, research analysts anticipate that Bank of Hawaii Corporation will post 5.91 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, May 29th. Bank of Hawaii’s payout ratio is currently 56.57%.

Bank of Hawaii Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.