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

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

Bank of Hawaii Trading Up 0.2 %

Shares of Bank of Hawaii stock opened at $72.37 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii Co. has a 1 year low of $51.07 and a 1 year high of $75.19. The company has a market capitalization of $2.88 billion, a P/E ratio of 21.73, a P/E/G ratio of 7.61 and a beta of 1.02. The business has a 50 day moving average price of $65.55 and a 200 day moving average price of $62.16.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same period in the previous year, the firm posted $1.17 EPS. Sell-side analysts anticipate that Bank of Hawaii Co. will post 3.57 EPS for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, October 29th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $2.80 annualized dividend and a yield of 3.87%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 84.08%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BOH. Point72 Asia Singapore Pte. Ltd. acquired a new position in Bank of Hawaii in the 2nd quarter valued at $106,000. Point72 DIFC Ltd acquired a new position in Bank of Hawaii in the 2nd quarter valued at $119,000. UMB Bank n.a. raised its holdings in Bank of Hawaii by 5,508.3% in the 3rd 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. Rothschild Investment LLC acquired a new position in Bank of Hawaii in the 2nd quarter valued at $172,000. Finally, Bridges Investment Management Inc. purchased a new stake in shares of Bank of Hawaii during the 2nd quarter valued at $205,000. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BOH shares. DA Davidson lifted their price target on shares of Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays lifted their price objective on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods lifted their price objective on Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Piper Sandler lifted their price objective on Bank of Hawaii from $61.00 to $66.00 and gave the stock an “underweight” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.80.

Bank of Hawaii Company Profile

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.