Bank of Hawaii Co. (NYSE:BOH) Insider Matthew Emerson Sells 1,355 Shares

Bank of Hawaii Co. (NYSE:BOH) insider Matthew Emerson sold 1,355 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total transaction of $97,925.85. Following the completion of the sale, the insider now directly owns 13,717 shares of the company’s stock, valued at $991,327.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Bank of Hawaii Stock Down 0.7 %

NYSE:BOH opened at $72.25 on Thursday. Bank of Hawaii Co. has a 52 week low of $48.83 and a 52 week high of $75.19. The stock’s fifty day moving average is $65.30 and its two-hundred day moving average is $61.99. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 7.30 and a beta of 1.05. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The firm had revenue of $265.76 million for the quarter, compared to the consensus estimate of $160.29 million. During the same quarter in the previous year, the business earned $1.17 EPS. Research analysts anticipate that Bank of Hawaii Co. will post 3.4 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Tuesday, October 29th. Bank of Hawaii’s payout ratio is 84.08%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BOH. Swedbank AB purchased a new position in Bank of Hawaii in the 1st quarter valued at approximately $43,673,000. Victory Capital Management Inc. grew its stake in Bank of Hawaii by 13.1% during the 2nd quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank’s stock worth $93,533,000 after purchasing an additional 189,878 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Bank of Hawaii during the 3rd quarter worth about $70,960,000. Dimensional Fund Advisors LP increased its holdings in Bank of Hawaii by 14.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock worth $45,167,000 after purchasing an additional 98,465 shares during the period. Finally, American Century Companies Inc. raised its position in Bank of Hawaii by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock valued at $38,652,000 after purchasing an additional 54,078 shares in the last quarter. Institutional investors and hedge funds own 82.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price objective on Bank of Hawaii from $67.00 to $74.00 and gave the company a “market perform” rating in a report on Tuesday. Barclays raised their target price on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research note on Tuesday. DA Davidson upped their price target on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Jefferies Financial Group raised their price objective on Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $64.80.

About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.