Taryn L. Salmon Sells 1,652 Shares of Bank of Hawaii Co. (NYSE:BOH) Stock

Bank of Hawaii Co. (NYSE:BOH) insider Taryn L. Salmon sold 1,652 shares of the business’s stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $66.15, for a total value of $109,279.80. Following the transaction, the insider now directly owns 6,442 shares of the company’s stock, valued at $426,138.30. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Bank of Hawaii Stock Up 0.0 %

Shares of NYSE BOH traded up $0.03 on Monday, reaching $65.95. 69,477 shares of the company’s stock traded hands, compared to its average volume of 367,608. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The business’s 50 day simple moving average is $67.23 and its two-hundred day simple moving average is $71.02. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 19.04 and a beta of 0.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, April 21st. The bank reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $169.87 million for the quarter, compared to analysts’ expectations of $168.65 million. Bank of Hawaii had a return on equity of 11.81% and a net margin of 14.47%. During the same period last year, the firm posted $0.87 earnings per share. As a group, equities research analysts forecast that Bank of Hawaii Co. will post 3.97 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Friday, May 30th. Bank of Hawaii’s dividend payout ratio is currently 78.65%.

Analysts Set New Price Targets

Several analysts have issued reports on BOH shares. Barclays upped their target price on Bank of Hawaii from $64.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 22nd. DA Davidson raised their target price on Bank of Hawaii from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Piper Sandler raised their price target on Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.17.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings in shares of Bank of Hawaii by 0.8% in the fourth quarter. Swiss National Bank now owns 78,137 shares of the bank’s stock worth $5,566,000 after buying an additional 600 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Bank of Hawaii by 188.8% in the fourth quarter. JPMorgan Chase & Co. now owns 250,094 shares of the bank’s stock worth $17,817,000 after purchasing an additional 163,503 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Bank of Hawaii by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 192,718 shares of the bank’s stock worth $13,729,000 after buying an additional 5,451 shares in the last quarter. Barclays PLC grew its holdings in Bank of Hawaii by 91.2% during the 3rd quarter. Barclays PLC now owns 93,504 shares of the bank’s stock valued at $5,870,000 after buying an additional 44,599 shares in the last quarter. Finally, Norges Bank bought a new stake in Bank of Hawaii in the 4th quarter worth approximately $27,495,000. 82.18% of the stock is owned by hedge funds and other institutional investors.

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.