State Street Corp Discloses Passive Stake in Bank of Hawaii
Ticker: BOH-PB · Form: SC 13G · Filed: Jan 24, 2024 · CIK: 46195
| Field | Detail |
|---|---|
| Company | Bank Of Hawaii Corp (BOH-PB) |
| Form Type | SC 13G |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**State Street Corp just revealed a big, passive investment in Bank of Hawaii Corp.**
AI Summary
State Street Corp, a major financial institution, filed an initial SC 13G on January 24, 2024, disclosing its ownership of common stock in Bank of Hawaii Corp as of December 31, 2023. This filing indicates that State Street Corp holds a significant, but passive, stake in Bank of Hawaii Corp, meaning they are not seeking to control or influence the company's management. For investors, this signals that a large institutional player sees value in Bank of Hawaii Corp, potentially lending credibility to its long-term prospects, but doesn't suggest any immediate strategic changes or activist involvement.
Why It Matters
This filing shows a major institutional investor, State Street Corp, has a significant, passive stake in Bank of Hawaii Corp, which can be a vote of confidence for existing and potential shareholders.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally doesn't introduce significant new risks to the company.
Analyst Insight
Investors should note the presence of a large institutional holder like State Street Corp, which can provide stability, but recognize this is a passive stake, so no immediate strategic changes are implied. Further research into Bank of Hawaii Corp's fundamentals and State Street's other holdings might be warranted.
Key Players & Entities
- State Street Corp (company) — filer and institutional investor
- Bank of Hawaii Corp (company) — subject company whose stock is owned
- December 31, 2023 (date) — date of event requiring the filing
- January 24, 2024 (date) — filing date
FAQ
Who filed this SC 13G statement?
The SC 13G statement was filed by State Street Corp, as indicated in the 'FILED BY' section of the document.
Which company's stock is the subject of this filing?
The subject company, whose common stock is being reported, is BANK OF HAWAII CORP, as stated under '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 in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of Bank of Hawaii Corp is 062540109, as listed in the filing.
What type of filing is this, and under which rule was it filed?
This is an initial SC 13G filing, and it was filed under Rule 13D-1 (B), as indicated by the checked box in the document.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 24, 2024 regarding BANK OF HAWAII CORP (BOH-PB).