Bank of Hawaii Co. (NYSE:BOH - Get Free Report) insider Taryn L. Salmon sold 1,652 shares of Bank of Hawaii stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the completion of the sale, the insider now owns 6,442 shares of the company's stock, valued at $426,138.30. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Bank of Hawaii Trading Up 0.7 %
Shares of Bank of Hawaii stock opened at $66.36 on Tuesday. The company's fifty day simple moving average is $67.09 and its 200-day simple moving average is $71.02. The stock has a market capitalization of $2.64 billion, a PE ratio of 19.18 and a beta of 0.87. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $82.70. 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 (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, April 21st. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The business had revenue of $169.87 million for the quarter, compared to analysts' expectations of $168.65 million. Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. During the same quarter last year, the company posted $0.87 EPS. As a group, equities analysts anticipate that Bank of Hawaii Co. will post 3.97 earnings per share for the current year.
Bank of Hawaii Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Friday, May 30th. Bank of Hawaii's dividend payout ratio is presently 78.65%.
Analyst Upgrades and Downgrades
BOH has been the subject of several research reports. Barclays boosted their price objective on shares of Bank of Hawaii from $64.00 to $67.00 and gave the company an "underweight" rating in a report on Tuesday, April 22nd. DA Davidson raised their target price on shares of Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Finally, Piper Sandler raised their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a report on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $73.17.
Get Our Latest Report on BOH
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Swiss National Bank boosted its holdings in Bank of Hawaii by 0.8% in the 4th quarter. Swiss National Bank now owns 78,137 shares of the bank's stock worth $5,566,000 after buying an additional 600 shares during the period. JPMorgan Chase & Co. boosted its holdings in Bank of Hawaii by 188.8% in the 4th quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank's stock worth $17,817,000 after buying an additional 163,503 shares during the period. Principal Financial Group Inc. boosted its holdings in Bank of Hawaii by 2.9% in the 4th 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 period. Barclays PLC boosted its holdings in Bank of Hawaii by 91.2% in the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank's stock worth $5,870,000 after buying an additional 44,599 shares during the period. Finally, Norges Bank bought a new position in Bank of Hawaii in the 4th quarter worth $27,495,000. Hedge funds and other institutional investors own 82.18% of the company's stock.
Bank of Hawaii Company Profile
(
Get Free Report)
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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