Bank of Hawaii (NYSE:BOH) Insider Marco Abbruzzese Sells 2,441 Shares

Bank of Hawaii Corporation (NYSE:BOH) insider Marco Abbruzzese sold 2,441 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $81.59, for a total transaction of $199,161.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Bank of Hawaii Trading Up 0.8%

Bank of Hawaii stock opened at $80.76 on Wednesday. The stock has a market cap of $3.19 billion, a P/E ratio of 15.07, a PEG ratio of 0.91 and a beta of 0.71. Bank of Hawaii Corporation has a fifty-two week low of $59.36 and a fifty-two week high of $86.31. The firm’s fifty day moving average price is $80.42 and its 200-day moving average price is $77.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70.

Bank of Hawaii (NYSE:BOH) last issued its quarterly earnings data on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. The company had revenue of $196.90 million for the quarter, compared to the consensus estimate of $199.51 million. Bank of Hawaii had a return on equity of 15.72% and a net margin of 21.84%.During the same quarter last year, the business posted $1.06 earnings per share. Equities research analysts forecast that Bank of Hawaii Corporation will post 5.88 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 52.24%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Danske Bank A S purchased a new stake in shares of Bank of Hawaii in the 4th quarter valued at $27,000. Western Wealth Management LLC bought a new stake in Bank of Hawaii in the first quarter worth $33,000. SHP Wealth Management purchased a new stake in Bank of Hawaii during the fourth quarter valued at about $34,000. Quarry LP boosted its position in Bank of Hawaii by 1,497.2% during the third quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after buying an additional 539 shares during the period. Finally, Strs Ohio purchased a new stake in Bank of Hawaii during the first quarter valued at about $41,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays decreased their price objective on shares of Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 28th. Wall Street Zen cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Keefe, Bruyette & Woods lowered their price objective on shares of Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Monday. DA Davidson lifted their price objective on shares of Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank of Hawaii in a research note on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.20.

About Bank of Hawaii

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.