By otakuyassine3@gmail.com 
Bank of Hawaii Co. (NYSE:BOH – Get Free Report) CAO Patrick M. Mcguirk sold 2,000 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at $688,708.84. This represents a 17.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Bank of Hawaii Stock Down 1.6 %
NYSE BOH traded down $1.21 during midday trading on Monday, hitting $73.30. 288,341 shares of the company traded hands, compared to its average volume of 438,702. The company’s 50-day simple moving average is $73.08 and its 200-day simple moving average is $69.55. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week 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. The company has a market cap of $2.91 billion, a PE ratio of 21.19 and a beta of 1.04.
Bank of Hawaii (NYSE:BOH – Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities research analysts forecast that Bank of Hawaii Co. will post 3.87 earnings per share for the current year.
Bank of Hawaii Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 3.82%. Bank of Hawaii’s payout ratio is presently 80.92%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on BOH. Barclays boosted their price target on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Stephens initiated coverage on shares of Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective on the stock. Piper Sandler lifted their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. DA Davidson raised their target price on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods boosted their price target on Bank of Hawaii from $74.00 to $81.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Bank of Hawaii currently has an average rating of “Hold” and a consensus price target of $73.00.
Read Our Latest Research Report on Bank of Hawaii
Hedge Funds Weigh In On Bank of Hawaii
Institutional investors have recently bought and sold shares of the business. KBC Group NV boosted its holdings in Bank of Hawaii by 70.9% during the fourth quarter. KBC Group NV now owns 1,957 shares of the bank’s stock worth $139,000 after buying an additional 812 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of 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 buying an additional 536 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Bank of Hawaii by 5,508.3% in the 3rd quarter. UMB Bank n.a. now owns 2,692 shares of the bank’s stock valued at $169,000 after purchasing an additional 2,644 shares during the last quarter. Trust Point Inc. acquired a new stake in shares of Bank of Hawaii during the fourth quarter valued at about $204,000. Finally, Choreo LLC acquired a new position in Bank of Hawaii during the fourth quarter worth $205,000. 82.18% of the stock is owned by hedge funds and other institutional investors.
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.
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