Bank of Hawaii Corp (BOH)

Bank of Hawaii Corp. experienced several stock-related events in the past six months. The company reported its quarterly financial results, surpassing revenue and EPS expectations. The Board of Directors declared quarterly dividend payments for both Series A and Series B Fixed Rate Non-Cumulative Perpetual Preferred Stock and common stock. Analysts adjusted their ratings and price targets for BOH. The stock has shown a 90-day share price return of 8.51%, a 3-year total shareholder return decline of 0.78%, and a one-year increase of 3.47%.

Bank of Hawaii Corp.'s operations are closely tied to the economies of Hawaii and the Pacific Islands, which are heavily reliant on tourism, the U.S. military, real estate, construction, and other service-based industries. The bank tailors its services to help businesses manage seasonal sales fluctuations. Broader economic conditions in Hawaii, including visitor arrivals and spending, can influence the demand for various banking products and services. The 2023 wildfires in Lahaina impacted tourism, which could have had a ripple effect on the demand for financial services.

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii, a regional commercial bank established in 1897 and headquartered in Honolulu, Hawaii. It is Hawaii's oldest and largest locally-owned bank, operating within the Financial Services sector and Regional Banks industry. The bank provides financial products and services through Consumer Banking, Commercial Banking, and Treasury and Other segments. Consumer Banking offers various accounts, loans, credit cards, and investment services. Commercial Banking focuses on corporate banking, commercial real estate loans, and deposit products. Treasury and Other manages corporate assets and liabilities.

Bank of Hawaii Corporation's operations are primarily concentrated in Hawaii, Guam, and other Pacific Islands, where it maintains a branch and ATM network.

In the past year, Bank of Hawaii reinforced its brand and commitment to the community. The company supported rebuilding efforts in Lahaina, Maui, by starting construction on a new branch. The bank expanded its "Branch of Tomorrow" network, including neighbor island branches, and supported affordable housing projects. Bank of Hawaii maintained its position as the No. 1 local residential real estate lender in Hawaii.

Bank of Hawaii Corporation has significant institutional ownership, with approximately 78.85% to 80% of the stock held by institutional investors, including BlackRock, Inc., Vanguard Group Inc., and State Street Corp. Individual investors hold approximately 19% of the company's stock, while insider ownership is relatively low, ranging from 1.17% to 3.87%.