Marco Abbruzzese Sells 2,000 Shares of Bank of Hawaii (NYSE:BOH) Stock

Bank of Hawaii Corporation (NYSE:BOH) insider Marco Abbruzzese sold 2,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $79.84, for a total value of $159,680.00. Following the completion of the transaction, the insider owned 2,441 shares of the company’s stock, valued at $194,889.44. The trade was a 45.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Bank of Hawaii Stock Down 1.5%

Shares of BOH stock opened at $79.66 on Thursday. Bank of Hawaii Corporation has a one year low of $59.36 and a one year high of $86.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a fifty day moving average price of $80.45 and a 200 day moving average price of $77.82. The stock has a market cap of $3.14 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 0.92 and a beta of 0.71.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings results on Monday, July 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.01. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. The firm had revenue of $196.90 million for the quarter, compared to analyst estimates of $199.51 million. During the same quarter in the previous year, the firm posted $1.06 EPS. Analysts predict that Bank of Hawaii Corporation will post 5.88 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

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

Wall Street Analyst Weigh In

BOH has been the subject of a number of analyst reports. 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 Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday. DA Davidson increased their target price on Bank of Hawaii from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Benchmark reaffirmed a “hold” rating on shares of Bank of Hawaii in a research note on Tuesday, July 28th. Finally, Stephens upped their price target on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $85.20.

Institutional Trading of Bank of Hawaii

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Bank of Hawaii by 16.4% in the 1st quarter. Royal Bank of Canada now owns 26,241 shares of the bank’s stock valued at $1,808,000 after purchasing an additional 3,689 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Bank of Hawaii by 177.5% in the first quarter. AQR Capital Management LLC now owns 23,818 shares of the bank’s stock valued at $1,617,000 after buying an additional 15,234 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Bank of Hawaii by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,272 shares of the bank’s stock valued at $1,605,000 after buying an additional 1,027 shares during the last quarter. Intech Investment Management LLC lifted its position in Bank of Hawaii by 35.8% during the 1st quarter. Intech Investment Management LLC now owns 19,808 shares of the bank’s stock worth $1,366,000 after buying an additional 5,227 shares in the last quarter. Finally, Strs Ohio bought a new stake in Bank of Hawaii during the 1st quarter worth about $41,000. 82.18% of the stock is owned by institutional investors.

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.