Insider Selling: Bank of Hawaii Co. (NYSE:BOH) Insider Sells $97,925.85 in Stock

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

Bank of Hawaii Stock Up 0.2 %

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

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, October 28th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. The business had revenue of $265.76 million for the quarter, compared to analysts’ expectations of $160.29 million. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Analysts anticipate that Bank of Hawaii Co. will post 3.57 EPS for the current year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Tuesday, October 29th 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 3.87%. The ex-dividend date of this dividend is Tuesday, October 29th. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

Hedge Funds Weigh In On Bank of Hawaii

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Crestwood Advisors Group LLC purchased a new position in shares of Bank of Hawaii during the third quarter worth about $207,000. Congress Asset Management Co. grew its holdings in shares of Bank of Hawaii by 30.5% during the third quarter. Congress Asset Management Co. now owns 61,134 shares of the bank’s stock worth $3,837,000 after buying an additional 14,286 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Bank of Hawaii by 11.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,205 shares of the bank’s stock worth $1,511,000 after buying an additional 2,566 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Bank of Hawaii during the third quarter worth about $70,960,000. Finally, Harrington Investments INC grew its holdings in shares of Bank of Hawaii by 2.3% during the third quarter. Harrington Investments INC now owns 20,156 shares of the bank’s stock worth $1,265,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. DA Davidson raised 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. Piper Sandler raised their price target on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a research note on Tuesday. Barclays raised their price target on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Hawaii currently has a consensus rating of “Hold” and a consensus price target 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.