BlackRock Amends Bank of Hawaii Stake, Remains Passive Investor
Ticker: BOH-PB · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 46195
| Field | Detail |
|---|---|
| Company | Bank Of Hawaii Corp (BOH-PB) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a chunk of Bank of Hawaii, but they're just holding, not shaking things up.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership of BANK OF HAWAII CORPORATION's Common Stock as of December 31, 2023. This filing indicates BlackRock's continued significant, but passive, stake in the bank. For investors, this means a major institutional investor maintains confidence in Bank of Hawaii, which can be a positive signal, but it doesn't suggest any immediate strategic changes or activist involvement.
Why It Matters
This filing confirms BlackRock's ongoing substantial, yet passive, investment in Bank of Hawaii, signaling institutional confidence without indicating any intent to influence management or operations.
Risk Assessment
Risk Level: low — This filing is routine and indicates a passive investment, posing minimal new risk to shareholders.
Analyst Insight
An investor should note BlackRock's continued passive stake as a sign of institutional stability, but recognize this filing doesn't signal any new strategic moves or changes in the company's direction.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A, reporting its ownership
- BANK OF HAWAII CORPORATION (company) — the issuer whose Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the date the SC 13G/A amendment was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 2)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are being reported in this filing?
The securities being reported belong to BANK OF HAWAII CORPORATION, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF HAWAII CORP' and 'BANK OF HAWAII CORPORATION (Name of Issuer)'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding BANK OF HAWAII CORP (BOH-PB).