Patrick M. Mcguirk Sells 2,000 Shares of Bank of Hawaii Co. (NYSE:BOH) Stock

Bank of Hawaii Co. (NYSE:BOH) CAO Patrick M. Mcguirk sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $75.08, for a total transaction of $150,160.00. Following the sale, the chief accounting officer now directly owns 9,173 shares of the company’s stock, valued at approximately $688,708.84. This trade represents a 17.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bank of Hawaii Stock Up 0.3 %

Shares of Bank of Hawaii stock opened at $75.32 on Thursday. The company has a market capitalization of $2.99 billion, a P/E ratio of 21.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The business has a 50-day moving average of $72.74 and a two-hundred day moving average of $69.69. Bank of Hawaii Co. has a 1 year low of $54.50 and a 1 year high of $82.70.

Bank of Hawaii (NYSE:BOH) last posted its earnings results on Monday, January 27th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. As a group, equities analysts predict that Bank of Hawaii Co. will post 3.87 EPS for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 annualized dividend and a yield of 3.72%. Bank of Hawaii’s dividend payout ratio is currently 80.92%.

Wall Street Analysts Forecast Growth

Several analysts have commented on BOH shares. Piper Sandler upped their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the company an “underweight” rating in a research report on Tuesday, January 28th. Stephens initiated coverage on Bank of Hawaii in a report on Wednesday, November 27th. They issued an “overweight” rating and a $90.00 price objective for the company. Barclays raised their target price on Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. DA Davidson increased their price target on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.00.

Hedge Funds Weigh In On Bank of Hawaii

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new stake in shares of Bank of Hawaii in the 2nd quarter valued at about $1,344,000. The Manufacturers Life Insurance Company grew its holdings in shares of Bank of Hawaii by 5.1% during the second quarter. The Manufacturers Life Insurance Company now owns 21,878 shares of the bank’s stock worth $1,252,000 after buying an additional 1,061 shares in the last quarter. Algert Global LLC acquired a new stake in Bank of Hawaii in the 2nd quarter valued at approximately $229,000. SG Americas Securities LLC lifted its stake in Bank of Hawaii by 33.8% in the 3rd quarter. SG Americas Securities LLC now owns 9,737 shares of the bank’s stock valued at $611,000 after acquiring an additional 2,459 shares in the last quarter. Finally, Cadinha & Co. LLC acquired a new position in Bank of Hawaii during the 3rd quarter worth approximately $218,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides various financial products and services in Hawaii, Guam, and other Pacific Islands. It operates in three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.