Bank of Hawaii Corporation (BOH) to Distribute Quarterly Dividend of $0.70 on September 15th

Bank of Hawaii Corporation (NYSE:BOH) declared a quarterly dividend on Friday, July 24th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.70 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 31st.

Bank of Hawaii has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Bank of Hawaii has a dividend payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Bank of Hawaii to earn $6.47 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 43.3%.

Bank of Hawaii Price Performance

BOH stock opened at $77.42 on Friday. The firm has a 50 day moving average price of $80.82 and a 200-day moving average price of $78.28. Bank of Hawaii has a 52-week low of $59.36 and a 52-week high of $86.31. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 0.88 and a beta of 0.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last posted 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 return on equity of 15.72% and a net margin of 21.84%.The company had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.51 million. During the same quarter in the prior year, the business posted $1.06 EPS. Equities research analysts forecast that Bank of Hawaii will post 5.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Bank of Hawaii news, insider Marco A. Abbruzzese sold 2,441 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $81.59, for a total transaction of $199,161.19. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.97% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BOH. Corient Private Wealth LP boosted its position in shares of Bank of Hawaii by 13.0% during the second quarter. Corient Private Wealth LP now owns 68,704 shares of the bank’s stock valued at $5,599,000 after buying an additional 7,896 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Bank of Hawaii in the 2nd quarter worth about $212,000. California State Teachers Retirement System lifted its stake in Bank of Hawaii by 7,835.5% during the 2nd quarter. California State Teachers Retirement System now owns 4,051,764 shares of the bank’s stock valued at $330,178,000 after acquiring an additional 4,000,705 shares during the period. HB Wealth Management LLC lifted its stake in Bank of Hawaii by 17.6% during the 2nd quarter. HB Wealth Management LLC now owns 5,040 shares of the bank’s stock valued at $411,000 after acquiring an additional 753 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Bank of Hawaii during the 2nd quarter valued at about $224,000. 82.18% of the stock is owned by institutional investors.

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.