Another result was that hits from Prince of Wales basically mission-killed Bismarck and forced him to head toward France rather than out into the Atlantic for his commerce raiding mission. One of PoW's hits contaminated some of Bismarck's fuel oil, forcing the diversion. As big a symbol as HMS Hood was, the worse loss was her 1400+ experienced men.
Spoiler alert, Bismarck didn't make it to France, stabbed by swordfish, oiled by Rodnol, and ruled by King George V.