Key Points
- CEO Peter Ho sold 15,000 shares on Jan. 2 at an average of $67.87 for a total of $1,018,050, trimming his stake by 8.73% to 156,774 shares valued at about $10.64 million.
- Bank of Hawaii has a market cap of $2.79B, posted a quarterly EPS of $1.20 (beating estimates), and pays a quarterly dividend that annualizes to $2.80 — a 4.0% yield with a payout ratio near 68.6%.
- Analyst sentiment is mixed but cautious: consensus is "Hold" (avg. target $71.25) with 1 Buy, 3 Hold and 1 Sell, while institutional investors own roughly 82.2% of the stock.
Bank of Hawaii Corporation (NYSE:BOH - Get Free Report) CEO Peter Ho sold 15,000 shares of the business's stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $67.87, for a total transaction of $1,018,050.00. Following the completion of the sale, the chief executive officer owned 156,774 shares in the company, valued at $10,640,251.38. This represents a 8.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Bank of Hawaii Price Performance
BOH stock opened at $70.12 on Tuesday. Bank of Hawaii Corporation has a 52 week low of $57.44 and a 52 week high of $76.00. The firm has a market capitalization of $2.79 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 0.61 and a beta of 0.75. The company has a fifty day simple moving average of $67.13 and a two-hundred day simple moving average of $66.45. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.39.
Bank of Hawaii (NYSE:BOH - Get Free Report) last posted its earnings results on Tuesday, October 28th. The bank reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.07. Bank of Hawaii had a net margin of 17.41% and a return on equity of 13.33%. The firm had revenue of $182.64 million for the quarter, compared to the consensus estimate of $180.95 million. During the same period in the previous year, the firm posted $0.93 EPS. Analysts anticipate that Bank of Hawaii Corporation will post 3.97 earnings per share for the current fiscal year.
Bank of Hawaii Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.70 dividend. 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 dividend payout ratio (DPR) is presently 68.63%.
Hedge Funds Weigh In On Bank of Hawaii
Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of Bank of Hawaii by 16.4% during the first quarter. Royal Bank of Canada now owns 26,241 shares of the bank's stock valued at $1,808,000 after acquiring an additional 3,689 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Bank of Hawaii by 177.5% during the 1st quarter. AQR Capital Management LLC now owns 23,818 shares of the bank's stock worth $1,617,000 after buying an additional 15,234 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Bank of Hawaii by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank's stock worth $1,605,000 after buying an additional 1,027 shares in the last quarter. Millennium Management LLC increased its stake in shares of Bank of Hawaii by 4,090.7% during the first quarter. Millennium Management LLC now owns 302,315 shares of the bank's stock valued at $20,851,000 after buying an additional 295,101 shares during the period. Finally, Vancity Investment Management Ltd bought a new stake in shares of Bank of Hawaii in the first quarter valued at about $362,000. 82.18% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently weighed in on BOH. DA Davidson restated a "neutral" rating and set a $70.00 price target on shares of Bank of Hawaii in a report on Tuesday, October 28th. Weiss Ratings reiterated a "hold (c)" rating on shares of Bank of Hawaii in a research report on Monday, December 29th. Wall Street Zen lowered shares of Bank of Hawaii from a "hold" rating to a "sell" rating in a report on Sunday. Finally, Barclays upped their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an "underweight" rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $71.25.
View Our Latest Analysis on Bank of Hawaii
Bank of Hawaii Company Profile
(
Get Free Report)
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.
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