Bank of Hawaii Co. (NYSE:BOH) Insider Sells $109,279.80 in Stock

Bank of Hawaii Co. (NYSE:BOH - Get Free Report) insider Taryn L. Salmon sold 1,652 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $66.15, for a total transaction of $109,279.80. Following the sale, the insider now owns 6,442 shares in the company, valued at approximately $426,138.30. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Bank of Hawaii Trading Up 1.7 %

Shares of NYSE:BOH traded up $1.16 during trading on Friday, reaching $68.31. The company's stock had a trading volume of 250,074 shares, compared to its average volume of 370,707. The stock has a market capitalization of $2.72 billion, a PE ratio of 19.74 and a beta of 0.87. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. 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's 50 day simple moving average is $66.77 and its two-hundred day simple moving average is $70.97.

Bank of Hawaii (NYSE:BOH - Get Free Report) last announced its earnings results on Monday, April 21st. The bank reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. The firm had revenue of $169.87 million during the quarter, compared to analysts' expectations of $168.65 million. During the same quarter in the previous year, the business earned $0.87 EPS. On average, research analysts predict that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.80 annualized dividend and a dividend yield of 4.10%. Bank of Hawaii's dividend payout ratio (DPR) is presently 78.65%.

Analysts Set New Price Targets

Several research firms recently weighed in on BOH. DA Davidson upped their price target on Bank of Hawaii from $75.00 to $79.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Piper Sandler increased their target price on Bank of Hawaii from $66.00 to $68.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 28th. Finally, Barclays upped their price target on shares of Bank of Hawaii from $64.00 to $67.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $73.17.

Hedge Funds Weigh In On Bank of Hawaii

Several hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Bank of Hawaii by 80.2% during the first quarter. Versant Capital Management Inc now owns 391 shares of the bank's stock valued at $27,000 after buying an additional 174 shares during the period. Private Trust Co. NA boosted its holdings in Bank of Hawaii by 18,333.3% during the 1st quarter. Private Trust Co. NA now owns 553 shares of the bank's stock valued at $38,000 after acquiring an additional 550 shares during the period. Golden State Wealth Management LLC grew its position in Bank of Hawaii by 110.5% in the 1st quarter. Golden State Wealth Management LLC now owns 581 shares of the bank's stock valued at $40,000 after acquiring an additional 305 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Bank of Hawaii in the fourth quarter worth $49,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Bank of Hawaii during the fourth quarter worth $50,000. 82.18% of the stock is currently owned by institutional investors.

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.