Bank of Hawaii Co. (NYSE:BOH - Get Free Report) CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total value of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares of the company's stock, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Bank of Hawaii Stock Performance
Shares of NYSE BOH traded up $0.36 during midday trading on Thursday, reaching $75.80. The company had a trading volume of 360,241 shares, compared to its average volume of 426,656. The stock has a market cap of $3.01 billion, a P/E ratio of 21.91 and a beta of 1.04. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70. The business's 50-day simple moving average is $72.65 and its 200 day simple moving average is $69.73.
Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. On average, analysts forecast that Bank of Hawaii Co. will post 3.87 earnings per share for the current fiscal year.
Bank of Hawaii Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.69%. The ex-dividend date is Friday, February 28th. Bank of Hawaii's payout ratio is 80.92%.
Institutional Investors Weigh In On Bank of Hawaii
A number of hedge funds have recently modified their holdings of BOH. Vestmark Advisory Solutions Inc. boosted its position in shares of Bank of Hawaii by 65.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 7,797 shares of the bank's stock valued at $555,000 after acquiring an additional 3,087 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Bank of Hawaii during the fourth quarter worth about $900,000. Aigen Investment Management LP acquired a new stake in shares of Bank of Hawaii during the fourth quarter valued at about $234,000. Proficio Capital Partners LLC purchased a new stake in shares of Bank of Hawaii in the 4th quarter valued at approximately $736,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Bank of Hawaii by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,571,512 shares of the bank's stock worth $111,955,000 after acquiring an additional 60,092 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on BOH. Stephens assumed coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They set an "overweight" rating and a $90.00 target price on the stock. DA Davidson upped their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $74.00 to $81.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Barclays raised their price target on shares of Bank of Hawaii from $56.00 to $66.00 and gave the company an "underweight" rating in a report on Thursday, December 5th. Finally, Piper Sandler boosted their price objective on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $73.00.
Get Our Latest Research Report on BOH
Bank of Hawaii Company Profile
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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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