Bank of Hawaii (NYSE:BOH) CEO Peter Ho Sells 15,000 Shares

Bank of Hawaii Corporation (NYSE:BOH) CEO Peter Ho sold 15,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total transaction of $1,018,050.00. Following the completion of the transaction, the chief executive officer directly owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. The trade was a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bank of Hawaii Trading Up 2.5%

Shares of BOH traded up $1.70 during mid-day trading on Monday, reaching $70.12. The company’s stock had a trading volume of 412,672 shares, compared to its average volume of 373,836. Bank of Hawaii Corporation has a 52 week low of $57.44 and a 52 week high of $76.00. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average price is $67.01 and its two-hundred day moving average price is $66.41. The stock has a market cap of $2.79 billion, a PE ratio of 17.19, a P/E/G ratio of 0.61 and a beta of 0.75.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. The business had revenue of $182.64 million for the quarter, compared to the consensus estimate of $180.95 million. Bank of Hawaii had a net margin of 17.41% and a return on equity of 13.33%. During the same period in the previous year, the firm earned $0.93 EPS. On average, analysts predict that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, November 28th. Bank of Hawaii’s payout ratio is presently 68.63%.

Hedge Funds Weigh In On Bank of Hawaii

A number of hedge funds have recently bought and sold shares of BOH. Balyasny Asset Management L.P. boosted its stake in Bank of Hawaii by 122.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock worth $66,464,000 after purchasing an additional 557,148 shares during the last quarter. Norges Bank purchased a new stake in shares of Bank of Hawaii during the second quarter worth approximately $30,569,000. Millennium Management LLC lifted its stake in Bank of Hawaii by 4,090.7% during the first quarter. Millennium Management LLC now owns 302,315 shares of the bank’s stock worth $20,851,000 after purchasing an additional 295,101 shares during the last quarter. Verition Fund Management LLC raised its position in Bank of Hawaii by 1,699.7% in the 3rd quarter. Verition Fund Management LLC now owns 265,834 shares of the bank’s stock valued at $17,449,000 after purchasing an additional 251,063 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in Bank of Hawaii by 163.9% in the 3rd quarter. Two Sigma Investments LP now owns 339,827 shares of the bank’s stock valued at $22,306,000 after buying an additional 211,076 shares during the last quarter. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on BOH shares. DA Davidson reiterated a “neutral” rating and issued a $70.00 price target on shares of Bank of Hawaii in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of Bank of Hawaii in a report on Monday, December 29th. Barclays 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, October 28th. Finally, Wall Street Zen cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Sunday. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Bank of Hawaii presently has a consensus rating of “Hold” and a consensus price target of $71.25.

Bank of Hawaii Company Profile

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.