Bank of Hawaii Co. (NYSE:BOH - Get Free Report) insider Taryn L. Salmon sold 449 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $74.97, for a total value of $33,661.53. Following the completion of the transaction, the insider now directly owns 9,880 shares of the company's stock, valued at $740,703.60. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Bank of Hawaii Price Performance
Shares of NYSE BOH traded up $1.91 on Tuesday, hitting $75.15. The company's stock had a trading volume of 366,139 shares, compared to its average volume of 438,674. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a 50 day moving average of $72.93 and a 200-day moving average of $69.60. Bank of Hawaii Co. has a 12-month low of $54.50 and a 12-month high of $82.70. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04.
Bank of Hawaii (NYSE:BOH - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, research analysts predict that Bank of Hawaii Co. will post 3.87 EPS for the current year.
Bank of Hawaii Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 3.73%. Bank of Hawaii's payout ratio is currently 80.92%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on BOH shares. Stephens began coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an "overweight" rating and a $90.00 target price for the company. Barclays raised their price objective on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. DA Davidson increased their target price on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Piper Sandler raised their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods increased their price objective 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. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $73.00.
Read Our Latest Report on BOH
Institutional Investors Weigh In On Bank of Hawaii
Hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Bank of Hawaii during the second quarter worth approximately $106,000. KBC Group NV raised its position in shares of Bank of Hawaii by 70.9% in the 4th quarter. KBC Group NV now owns 1,957 shares of the bank's stock worth $139,000 after buying an additional 812 shares during the period. UMB Bank n.a. boosted its holdings in Bank of Hawaii by 5,508.3% in the third quarter. UMB Bank n.a. now owns 2,692 shares of the bank's stock valued at $169,000 after acquiring an additional 2,644 shares during the last quarter. Choreo LLC purchased a new stake in Bank of Hawaii during the fourth quarter valued at about $205,000. Finally, Trust Point Inc. acquired a new stake in Bank of Hawaii during the fourth quarter worth about $204,000. 82.18% of the stock is owned by institutional investors and hedge funds.
About Bank of Hawaii
(
Get Free Report)
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.
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