Bank of Hawaii Corporation (NYSE:BOH) insider Donna A. Tanoue sold 14,165 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $83.42, for a total value of $1,181,644.30. Following the completion of the transaction, the insider now directly owns 23,780 shares in the company, valued at $1,983,727.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bank of Hawaii Corporation (NYSE:BOH) traded down 0.98% on Wednesday, hitting $82.77. The stock had a trading volume of 248,588 shares. Bank of Hawaii Corporation has a 52-week low of $58.43 and a 52-week high of $90.80. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 19.57 and a beta of 0.92. The company has a 50 day moving average price of $87.35 and a 200-day moving average price of $78.49.
Bank of Hawaii Corporation (NYSE:BOH) last announced its earnings results on Monday, January 23rd. The company reported $1.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Bank of Hawaii Corporation had a return on equity of 15.71% and a net margin of 27.69%. During the same quarter last year, the company posted $0.99 EPS. On average, equities research analysts predict that Bank of Hawaii Corporation will post $4.27 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, February 22nd will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, February 17th. Bank of Hawaii Corporation’s dividend payout ratio is currently 45.39%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in Bank of Hawaii Corporation by 38.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,492 shares of the company’s stock valued at $109,000 after buying an additional 413 shares during the period. Creative Planning increased its position in Bank of Hawaii Corporation by 1,057.8% in the third quarter. Creative Planning now owns 1,563 shares of the company’s stock valued at $114,000 after buying an additional 1,428 shares during the period. Liberty Capital Management Inc. acquired a new position in Bank of Hawaii Corporation during the third quarter valued at approximately $173,000. World Asset Management Inc acquired a new position in Bank of Hawaii Corporation during the third quarter valued at approximately $202,000. Finally, LS Investment Advisors LLC increased its position in Bank of Hawaii Corporation by 21.6% in the third quarter. LS Investment Advisors LLC now owns 3,135 shares of the company’s stock valued at $228,000 after buying an additional 556 shares during the period. 78.47% of the stock is currently owned by institutional investors.
Several research analysts have issued reports on BOH shares. Barclays PLC raised their target price on Bank of Hawaii Corporation from $73.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 6th. Zacks Investment Research cut Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. Eight analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $73.38.
About Bank of Hawaii Corporation
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 services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.