Insider Selling: Bank of Hawaii (NYSE:BOH) Insider Sells 2,441 Shares

Bank of Hawaii Corporation (NYSE:BOH) insider Marco Abbruzzese sold 2,441 shares of Bank of Hawaii stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total value of $199,161.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bank of Hawaii Stock Up 0.8%

Bank of Hawaii stock traded up $0.61 during midday trading on Tuesday, hitting $80.76. 354,934 shares of the company’s stock were exchanged, compared to its average volume of 494,252. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $3.19 billion, a PE ratio of 15.07, a P/E/G ratio of 0.91 and a beta of 0.71. The firm has a 50-day moving average of $80.42 and a two-hundred day moving average of $77.76. Bank of Hawaii Corporation has a 12 month low of $59.36 and a 12 month high of $86.31.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, July 27th. The bank reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.01. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. The firm had revenue of $196.90 million during the quarter, compared to analysts’ expectations of $199.51 million. During the same quarter in the prior year, the company earned $1.06 EPS. As a group, analysts expect that Bank of Hawaii Corporation will post 5.88 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 Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.70 dividend. The ex-dividend date is Monday, August 31st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.5%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 52.24%.

Institutional Trading of Bank of Hawaii

Several hedge funds and other institutional investors have recently made changes to their positions in BOH. Danske Bank A S purchased a new position in Bank of Hawaii during the 4th quarter worth $27,000. Western Wealth Management LLC purchased a new stake in shares of Bank of Hawaii during the first quarter worth about $33,000. SHP Wealth Management purchased a new stake in shares of Bank of Hawaii during the fourth quarter worth about $34,000. Quarry LP increased its holdings in shares of Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after acquiring an additional 539 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Bank of Hawaii during the first quarter valued at about $41,000. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BOH shares. DA Davidson upped their price objective on Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Zacks Research downgraded shares of Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of Hawaii in a research report on Friday, July 24th. Benchmark restated a “hold” rating on shares of Bank of Hawaii in a report on Tuesday, July 28th. Finally, Stephens raised their price target on shares of Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.20.

About Bank of Hawaii

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.