Bank of Hawaii Co. (BOH) Director Sells $40,000.00 in Stock

Bank of Hawaii Co. (NYSE:BOH) Director Barbara J. Tanabe sold 500 shares of Bank of Hawaii stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $80.00, for a total transaction of $40,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Barbara J. Tanabe also recently made the following trade(s):

  • On Thursday, August 9th, Barbara J. Tanabe sold 613 shares of Bank of Hawaii stock. The stock was sold at an average price of $83.23, for a total transaction of $51,019.99.

Shares of BOH stock opened at $79.85 on Friday. Bank of Hawaii Co. has a 52 week low of $72.85 and a 52 week high of $89.09. The company has a market capitalization of $3.34 billion, a PE ratio of 18.11, a P/E/G ratio of 2.02 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.68 and a quick ratio of 0.68.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, October 22nd. The bank reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. Bank of Hawaii had a net margin of 29.49% and a return on equity of 17.07%. The firm had revenue of $164.41 million during the quarter, compared to analyst estimates of $165.69 million. During the same period in the previous year, the business posted $1.08 earnings per share. Equities research analysts anticipate that Bank of Hawaii Co. will post 5.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.62 dividend. The ex-dividend date is Thursday, November 29th. This is a positive change from Bank of Hawaii’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.11%. Bank of Hawaii’s payout ratio is currently 54.42%.

Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of Bank of Hawaii in the second quarter worth approximately $100,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Bank of Hawaii in the second quarter worth approximately $101,000. Columbia Asset Management bought a new stake in shares of Bank of Hawaii in the third quarter worth approximately $118,000. Point72 Asset Management L.P. bought a new stake in shares of Bank of Hawaii in the second quarter worth approximately $125,000. Finally, Associated Banc Corp bought a new stake in shares of Bank of Hawaii in the third quarter worth approximately $224,000. Hedge funds and other institutional investors own 75.69% of the company’s stock.

Several research analysts have issued reports on BOH shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Bank of Hawaii in a report on Friday, July 13th. Zacks Investment Research cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. ValuEngine raised shares of Bank of Hawaii from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Finally, Morgan Stanley lifted their target price on shares of Bank of Hawaii from $86.00 to $87.00 and gave the stock an “underweight” rating in a report on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $90.90.

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About Bank of Hawaii

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

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