Insider Selling: Bank of Hawaii Co. (NYSE:BOH) Insider Sells 449 Shares of Stock

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

Bank of Hawaii Stock Down 0.3 %

NYSE:BOH opened at $74.52 on Monday. 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 twelve month low of $54.50 and a twelve month high of $82.70. The company has a market cap of $2.96 billion, a PE ratio of 21.54 and a beta of 1.05. The company’s 50 day moving average is $73.08 and its two-hundred day moving average is $69.55.

Bank of Hawaii (NYSE:BOH) last released its earnings results 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 net margin of 14.47% and a return on equity of 11.81%. Analysts anticipate that Bank of Hawaii Co. will post 3.77 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.70 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.76%. Bank of Hawaii’s payout ratio is currently 80.92%.

Institutional Investors Weigh In On Bank of Hawaii

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in shares of Bank of Hawaii by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank’s stock worth $13,729,000 after buying an additional 5,451 shares during the last quarter. Monument Capital Management purchased a new stake in Bank of Hawaii in the 4th quarter worth approximately $270,000. Congress Asset Management Co. grew its stake in shares of 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 during the period. Choreo LLC acquired a new stake in shares of Bank of Hawaii during the 4th quarter worth approximately $205,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Bank of Hawaii by 18.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,757 shares of the bank’s stock valued at $2,024,000 after purchasing an additional 4,552 shares in the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BOH. Barclays upped their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. DA Davidson increased their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods lifted their price objective on shares of 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. Stephens assumed coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective for the company. Finally, Piper Sandler raised their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.00.

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.