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

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

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $79.66 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.14 billion, a PE ratio of 14.86, a P/E/G ratio of 0.92 and a beta of 0.71. Bank of Hawaii Corporation has a twelve month low of $59.36 and a twelve month high of $86.31. The company has a 50-day moving average price of $80.45 and a two-hundred day moving average price of $77.82.

Bank of Hawaii (NYSE:BOH) last posted 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. The company had revenue of $196.90 million for the quarter, compared to analyst estimates of $199.51 million. Bank of Hawaii had a net margin of 21.84% and a return on equity of 15.72%. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Equities analysts forecast that Bank of Hawaii Corporation will post 5.88 EPS for the current year.

Bank of Hawaii Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.70 per share. 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%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BOH shares. Stephens boosted their target price on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods lowered their price target on Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Monday. Barclays cut their price objective on Bank of Hawaii from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Bank of Hawaii in a research report on Friday, July 24th. Finally, Benchmark reaffirmed a “hold” rating on shares of Bank of Hawaii in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Bank of Hawaii has a consensus rating of “Hold” and a consensus target price of $85.20.

Hedge Funds Weigh In On Bank of Hawaii

A number of large investors have recently bought and sold shares of BOH. Danske Bank A S bought a new stake in Bank of Hawaii in the 4th quarter worth $27,000. Western Wealth Management LLC purchased a new position in shares of Bank of Hawaii in the first quarter valued at about $33,000. SHP Wealth Management bought a new position in shares of Bank of Hawaii during the fourth quarter valued at about $34,000. Quarry LP raised its stake in shares of 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 acquiring an additional 539 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Bank of Hawaii during the first quarter worth about $41,000. 82.18% of the stock is owned by hedge funds and other 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.