Bank of Hawaii (NYSE:BOH) CEO Sells $1,018,050.00 in Stock

Bank of Hawaii Corporation (NYSE:BOH) CEO Peter Ho sold 15,000 shares of Bank of Hawaii stock in a transaction dated Friday, January 2nd. The shares were 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 approximately $10,640,251.38. This represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bank of Hawaii Price Performance

NYSE BOH opened at $69.75 on Thursday. The company has a 50-day moving average price of $67.33 and a two-hundred day moving average price of $66.51. Bank of Hawaii Corporation has a 52 week low of $57.44 and a 52 week high of $76.00. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 0.63 and a beta of 0.75. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.39.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.07. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.The business had revenue of $182.64 million during the quarter, compared to the consensus estimate of $180.95 million. During the same period in the previous year, the firm posted $0.93 earnings per share. Analysts forecast that Bank of Hawaii Corporation will post 3.97 EPS for the current year.

Bank of Hawaii Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $2.80 annualized dividend and a dividend yield of 4.0%. Bank of Hawaii’s dividend payout ratio is presently 68.63%.

Institutional Trading of Bank of Hawaii

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Bank of Hawaii by 16.4% in the first quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock worth $1,808,000 after buying an additional 3,689 shares during the last quarter. AQR Capital Management LLC boosted its stake 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 acquiring an additional 15,234 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Bank of Hawaii by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock worth $1,605,000 after acquiring an additional 1,027 shares during the last quarter. Millennium Management LLC raised its position 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 worth $20,851,000 after purchasing an additional 295,101 shares during the period. Finally, Vancity Investment Management Ltd purchased a new stake in shares of Bank of Hawaii during the first quarter valued at $362,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BOH has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a report on Sunday. Barclays boosted their price target on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bank of Hawaii in a report on Monday, December 29th. Finally, DA Davidson reiterated a “neutral” rating and set a $70.00 price objective on shares of Bank of Hawaii in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $71.25.

Bank of Hawaii Company Profile

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.