Bank of Hawaii Co. (BOH) Director Sells $40,000.00 in Stock

Bank of Hawaii Co. (NYSE:BOH) Director Barbara J. Tanabe sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $80.00, for a total transaction of $40,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Barbara J. Tanabe also recently made the following trade(s):

  • On Thursday, August 9th, Barbara J. Tanabe sold 613 shares of Bank of Hawaii stock. The stock was sold at an average price of $83.23, for a total transaction of $51,019.99.

BOH traded down $0.39 during trading on Wednesday, hitting $79.72. The company’s stock had a trading volume of 9,767 shares, compared to its average volume of 304,407. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. Bank of Hawaii Co. has a one year low of $72.85 and a one year high of $89.09. The company has a market capitalization of $3.31 billion, a PE ratio of 18.03, a PEG ratio of 2.00 and a beta of 0.59.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings results on Monday, October 22nd. The bank reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.02. Bank of Hawaii had a net margin of 29.49% and a return on equity of 17.07%. The business had revenue of $164.41 million for the quarter, compared to the consensus estimate of $165.69 million. During the same period last year, the firm earned $1.08 earnings per share. Equities analysts forecast that Bank of Hawaii Co. will post 5.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.62 dividend. The ex-dividend date is Thursday, November 29th. This is an increase from Bank of Hawaii’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a yield of 3.11%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 54.42%.

BOH has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Bank of Hawaii from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Morgan Stanley increased their price target on shares of Bank of Hawaii from $86.00 to $87.00 and gave the stock an “underweight” rating in a research report on Thursday, July 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $89.00 price target on shares of Bank of Hawaii in a research report on Tuesday, July 24th. Finally, ValuEngine upgraded shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $90.90.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC bought a new stake in shares of Bank of Hawaii during the 2nd quarter valued at $100,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Bank of Hawaii during the 2nd quarter valued at $101,000. Point72 Asset Management L.P. bought a new stake in shares of Bank of Hawaii during the 2nd quarter valued at $125,000. Columbia Asset Management bought a new stake in shares of Bank of Hawaii during the 3rd quarter valued at $118,000. Finally, Laurion Capital Management LP bought a new stake in shares of Bank of Hawaii during the 2nd quarter valued at $249,000. Institutional investors and hedge funds own 75.69% of the company’s stock.

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Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

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