The Bank of Hawaii announced on January 23, 2023 that its board had declared a regular quarterly dividend of $0.70 per share ($2.80 annualized). Shareholders of record on February 27, 2023 will receive payment on March 14, 2023. Previously, the Company paid $0.70 per share.
At the recent share price of $75.61/share, the stock’s dividend yield was 3.70%. Additionally, the company’s dividend payout ratio is 0.49, indicating that it retains a reasonable percentage of its earnings to reinvest in growth opportunities.
The company’s 3-year dividend growth rate is just 0.04%.
Analyst price forecast suggests upside potential of 5.45%
As of January 27, 2023, the average one-year target price for Bank of Hawaii is $79.73. Forecasts range from a low of $71.71 to a high of $91.35. The average price target represents a 5.45% increase from the last reported close of $75.61.
Bank of Hawaii’s forecast annual revenue is $763 million, an increase of 8.03%. Projected annual EPS is $5.75, up 4.44%.
There are 606 funds or institutions that report positions to the Bank of Hawaii. This is an increase of 7 owners or 1.17%.
Average portfolio weight all funds US:BOH is down 0.1609%, up 6.5455%. The total number of shares held by institutions fell 0.34% over the past three months to 37,304,000 shares.
What do major shareholders do?
Kayne Anderson Rudnick Investment Management holds 2,657,824 shares representing a 6.67% interest in the company. In its earlier filing, the company said it owned 2,710,714 shares, which this represents acceptance of 1.99%. The Company elevated its portfolio allocation to BOH increased by 5.41% in the most recent quarter.
Neuberger Berman Group holds 2,458,785 shares, representing a 6.17% stake in the company. In its earlier filing, the company said it owned 2,478,543 shares, which this represents acceptance of 0.80%. The Company elevated its portfolio allocation to BOH increased by 5.45% in the most recent quarter.
Victory Capital Management holds 2,144,647 shares representing a 5.38% stake in the company. In its earlier filing, the company said it owned 2,167,240 shares, which this represents acceptance of 1.05%. The Company elevated its portfolio allocation to BOH increased by 3.71% in the most recent quarter.
The NBGNX – Neuberger Berman Genesis Fund investor class holds 1,597,598 shares which represents a 4.01% stake in the company. In its earlier filing, the company said it owned 1,607,972 shares, which this represents acceptance of 0.65%. The Company reduced its portfolio allocation to BOH by 0.75% last quarter.
SSGSX – Victory Sycamore Small Company Opportunity Fund holds 1,230,300 shares representing 3.09% interest in the company. No change in the last quarter.
Bank of Hawaii background information
(This description is provided by the company.)
Bank of Hawaii Corporation is an independent regional financial services company serving businesses, consumers and governments in Hawaii and the Western Pacific. The company’s principal subsidiary, Bank of Hawaii, was incorporated in 1897.
This story originally appeared on Fintel.
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