Bank of Hawaii Co. (NYSE:BOH) CAO Patrick M. Mcguirk Sells 2,000 Shares

Bank of Hawaii Co. (NYSE:BOH) CAO Patrick M. Mcguirk sold 2,000 shares of Bank of Hawaii stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the sale, the chief accounting officer now owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. The trade was a 17.90 % 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 Stock Up 2.6 %

BOH stock opened at $75.15 on Wednesday. The stock has a market capitalization of $2.99 billion, a P/E ratio of 21.72 and a beta of 1.04. 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 $54.50 and a one year high of $82.70. The company has a 50 day moving average price of $72.84 and a two-hundred day moving average price of $69.65.

Bank of Hawaii (NYSE:BOH) last released its earnings results on Monday, January 27th. The bank reported $0.85 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%. As a group, sell-side analysts expect that Bank of Hawaii Co. will post 3.87 EPS for the current year.

Bank of Hawaii Announces Dividend

The business 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 dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 annualized dividend and a dividend yield of 3.73%. Bank of Hawaii’s dividend payout ratio is presently 80.92%.

Institutional Trading of Bank of Hawaii

Several institutional investors have recently made changes to their positions in BOH. KBC Group NV boosted its position in Bank of Hawaii by 70.9% during the 4th quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after purchasing an additional 812 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in Bank of Hawaii by 29.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,387 shares of the bank’s stock worth $150,000 after purchasing an additional 536 shares during the period. UMB Bank n.a. boosted its position in Bank of Hawaii by 5,508.3% during the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock worth $169,000 after purchasing an additional 2,644 shares during the period. Trust Point Inc. purchased a new stake in Bank of Hawaii during the 4th quarter worth $204,000. Finally, Choreo LLC purchased a new stake in Bank of Hawaii during the 4th quarter worth $205,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BOH shares. DA Davidson lifted their price objective on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Piper Sandler lifted their price objective on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 28th. Stephens started coverage on Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 price objective for the company. Barclays lifted their price objective on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, Keefe, Bruyette & Woods lifted 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 research 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $73.00.

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.