Bank of Hawaii Corporation (BOH) Receiving Somewhat Critical Media Coverage, Study Finds

News headlines about Bank of Hawaii Corporation (NYSE:BOH) have trended somewhat negative this week, AlphaOne reports. The research group, a unit of Accern, identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bank of Hawaii Corporation earned a coverage optimism score of -0.07 on AlphaOne’s scale. AlphaOne also assigned news articles about the bank an impact score of 11 out of 100, indicating that recent news coverage is very unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have impacted Alpha One Sentiment’s scoring:

Insider Buying and Selling by Quarter for Bank of Hawaii Corporation (NYSE:BOH)

Bank of Hawaii Corporation (BOH) traded down 0.17% on Friday, reaching $82.09. The company had a trading volume of 837,841 shares. The firm has a market capitalization of $3.51 billion, a P/E ratio of 19.23 and a beta of 0.92. The company’s 50-day moving average price is $80.37 and its 200 day moving average price is $83.69. Bank of Hawaii Corporation has a 1-year low of $64.96 and a 1-year high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last announced its earnings results on Monday, April 24th. The bank reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.12. The business had revenue of $165.79 million during the quarter, compared to the consensus estimate of $159.45 million. Bank of Hawaii Corporation had a net margin of 27.57% and a return on equity of 15.61%. During the same period in the prior year, the firm earned $1.16 earnings per share. On average, equities analysts forecast that Bank of Hawaii Corporation will post $4.38 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 26th. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 2.44%. Bank of Hawaii Corporation’s dividend payout ratio is 46.84%.

BOH has been the topic of a number of recent analyst reports. Zacks Investment Research raised Bank of Hawaii Corporation from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Friday, April 21st. BidaskClub raised Bank of Hawaii Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday. Finally, Morgan Stanley raised their price target on Bank of Hawaii Corporation from $74.00 to $75.00 and gave the company an “underweight” rating in a report on Tuesday, June 6th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Bank of Hawaii Corporation has an average rating of “Hold” and a consensus price target of $75.71.

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In other Bank of Hawaii Corporation news, CEO Peter S. Ho sold 3,000 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $83.28, for a total transaction of $249,840.00. Following the transaction, the chief executive officer now directly owns 160,386 shares in the company, valued at approximately $13,356,946.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter S. Ho sold 15,000 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $82.17, for a total transaction of $1,232,550.00. Following the sale, the chief executive officer now directly owns 173,386 shares in the company, valued at $14,247,127.62. The disclosure for this sale can be found here. Insiders sold 28,000 shares of company stock valued at $2,306,590 over the last 90 days. Insiders own 2.16% of the company’s stock.

Bank of Hawaii Corporation Company Profile

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

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