Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Credit Suisse AG

Posted by Defense World Staff on Feb 24th, 2023

Credit Suisse AG trimmed its holdings in shares of Bank of Hawaii Co. (NYSE:BOH – Get Rating) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,451 shares of the bank’s stock after selling 1,246 shares during the period. Credit Suisse AG owned approximately 0.32% of Bank of Hawaii worth $9,702,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. UBS Group AG increased its holdings in shares of Bank of Hawaii by 6.6% during the second quarter. UBS Group AG now owns 109,422 shares of the bank’s stock valued at $8,141,000 after purchasing an additional 6,772 shares during the period. Meeder Asset Management Inc. grew its holdings in Bank of Hawaii by 183.7% during the second quarter. Meeder Asset Management Inc. now owns 417 shares of the bank’s stock worth $31,000 after acquiring an additional 270 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Bank of Hawaii by 2.6% during the third quarter. Oregon Public Employees Retirement Fund now owns 11,738 shares of the bank’s stock worth $893,000 after acquiring an additional 292 shares during the period. Redmond Asset Management LLC grew its holdings in Bank of Hawaii by 4.4% during the second quarter. Redmond Asset Management LLC now owns 29,569 shares of the bank’s stock worth $2,200,000 after acquiring an additional 1,233 shares during the period. Finally, Marble Harbor Investment Counsel LLC grew its holdings in Bank of Hawaii by 1.4% during the third quarter. Marble Harbor Investment Counsel LLC now owns 158,047 shares of the bank’s stock worth $12,031,000 after acquiring an additional 2,163 shares during the period. 74.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Bank of Hawaii news, CEO Peter S. Ho sold 7,000 shares of the firm’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $76.40, for a total transaction of $534,800.00. Following the completion of the sale, the chief executive officer now directly owns 226,681 shares in the company, valued at approximately $17,318,428.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Compass Point lowered Bank of Hawaii from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a report on Tuesday, January 24th. StockNews.com lowered Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, December 6th.

Bank of Hawaii Trading Up 0.8 %

Shares of BOH opened at $75.00 on Friday. The business’s 50-day moving average price is $77.19 and its 200 day moving average price is $78.13. The stock has a market capitalization of $3.00 billion, a P/E ratio of 13.69, a P/E/G ratio of 1.87 and a beta of 1.01. Bank of Hawaii Co. has a 1-year low of $70.15 and a 1-year high of $87.27. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.36.

Bank of Hawaii (NYSE:BOH – Get Rating) last issued its quarterly earnings results on Monday, January 23rd. The bank reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.08. The firm had revenue of $213.49 million for the quarter, compared to analysts’ expectations of $181.09 million. Bank of Hawaii had a return on equity of 19.31% and a net margin of 29.91%. During the same quarter last year, the business posted $1.55 EPS. Analysts expect that Bank of Hawaii Co. will post 4.97 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Investors of record on Tuesday, February 28th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.73%. Bank of Hawaii’s dividend payout ratio is currently 51.09%.

Bank of Hawaii Profile

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Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.