Insider Selling: Bank of Hawaii Co. (NYSE:BOH) CAO Sells $150,160.00 in Stock

Bank of Hawaii Co. (NYSE:BOH) CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction dated 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 $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bank of Hawaii Stock Performance

NYSE BOH opened at $75.32 on Thursday. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $82.70. The company has a 50 day moving average of $72.74 and a 200-day moving average of $69.69. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 21.77 and a beta of 1.04.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. On average, equities analysts forecast that Bank of Hawaii Co. will post 3.87 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given 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 yield of 3.72%. Bank of Hawaii’s dividend payout ratio (DPR) is 80.92%.

Wall Street Analysts Forecast Growth

BOH has been the subject of several recent analyst reports. Piper Sandler increased their target price on Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods increased their price objective on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens began coverage on shares of Bank of Hawaii in a research report on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price on the stock. 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 report on Tuesday, January 28th. Finally, Barclays raised their price target on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $73.00.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds have recently added to or reduced their stakes in BOH. Perigon Wealth Management LLC lifted its position in shares of Bank of Hawaii by 0.9% during the fourth quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock worth $1,168,000 after purchasing an additional 154 shares in the last quarter. Glenmede Trust Co. NA raised its position in Bank of Hawaii by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock worth $396,000 after purchasing an additional 182 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Bank of Hawaii by 1.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 22,060 shares of the bank’s stock worth $1,572,000 after buying an additional 324 shares in the last quarter. Cadinha & Co. LLC boosted its position in Bank of Hawaii by 12.2% in the 4th quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock valued at $277,000 after buying an additional 423 shares during the last quarter. Finally, Harrington Investments INC increased its stake in shares of Bank of Hawaii by 2.3% in the 3rd quarter. Harrington Investments INC now owns 20,156 shares of the bank’s stock valued at $1,265,000 after buying an additional 450 shares during the period. Institutional investors own 82.18% of the company’s stock.

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.