Bank of Hawaii Co. (NYSE:BOH) Insider Sells $33,661.53 in Stock

Bank of Hawaii Co. (NYSE:BOH) insider Taryn L. Salmon sold 449 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $74.97, for a total transaction of $33,661.53. Following the transaction, the insider now owns 9,880 shares in the company, valued at $740,703.60. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bank of Hawaii Price Performance

NYSE:BOH opened at $74.52 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 21.54 and a beta of 1.05. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The firm’s 50-day simple moving average is $73.08 and its 200 day simple moving average is $69.52.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. As a group, sell-side analysts predict that Bank of Hawaii Co. will post 3.77 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Friday, February 28th. Bank of Hawaii’s dividend payout ratio (DPR) is presently 80.92%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BOH. Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson boosted their target price on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday. Piper Sandler raised their price target on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a report on Tuesday. Stephens initiated coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective on the stock. Finally, Barclays increased their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $73.00.

Institutional Trading of Bank of Hawaii

Several large investors have recently made changes to their positions in BOH. International Assets Investment Management LLC acquired a new position in Bank of Hawaii during the third quarter worth about $70,960,000. State Street Corp grew its holdings in shares of Bank of Hawaii by 5.0% during the 3rd quarter. State Street Corp now owns 2,244,649 shares of the bank’s stock valued at $140,897,000 after purchasing an additional 106,717 shares during the last quarter. Congress Asset Management Co. increased its position in Bank of Hawaii by 108.6% during the 4th quarter. Congress Asset Management Co. now owns 127,500 shares of the bank’s stock worth $9,083,000 after purchasing an additional 66,366 shares in the last quarter. Barclays PLC lifted its stake in Bank of Hawaii by 91.2% in the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank’s stock valued at $5,870,000 after purchasing an additional 44,599 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Bank of Hawaii in the second quarter valued at approximately $2,230,000. Institutional investors and hedge funds own 82.18% of the company’s stock.

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.