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

Bank of Hawaii Corporation (NYSE:BOH) insider Marco Abbruzzese sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $79.84, for a total value of $159,680.00. Following the transaction, the insider directly owned 2,441 shares in the company, valued at approximately $194,889.44. This represents a 45.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $80.76 on Wednesday. The stock’s 50-day moving average price is $80.42 and its 200 day moving average price is $77.76. 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 stock has a market capitalization of $3.19 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.91 and a beta of 0.71. Bank of Hawaii Corporation has a 52-week low of $59.36 and a 52-week high of $86.31.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, July 27th. The bank reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.01. The company had revenue of $196.90 million during the quarter, compared to analysts’ expectations 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 period last year, the firm earned $1.06 EPS. As a group, equities research analysts forecast that Bank of Hawaii Corporation will post 5.88 EPS for the current year.

Bank of Hawaii Announces Dividend

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

Hedge Funds Weigh In On Bank of Hawaii

A number of institutional investors and hedge funds have recently made changes to their positions in BOH. Marble Harbor Investment Counsel LLC lifted its stake in shares of Bank of Hawaii by 14.3% in the fourth quarter. Marble Harbor Investment Counsel LLC now owns 112,199 shares of the bank’s stock valued at $7,671,000 after purchasing an additional 14,075 shares during the period. Vanguard Group Inc. boosted its holdings in Bank of Hawaii by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 4,565,434 shares of the bank’s stock worth $312,139,000 after buying an additional 26,821 shares in the last quarter. Tudor Investment Corp ET AL grew its position in Bank of Hawaii by 33.6% during the third quarter. Tudor Investment Corp ET AL now owns 105,845 shares of the bank’s stock worth $6,948,000 after buying an additional 26,634 shares during the period. Ruffer LLP acquired a new position in Bank of Hawaii during the fourth quarter worth about $3,107,000. Finally, SG Americas Securities LLC purchased a new position in Bank of Hawaii in the fourth quarter valued at about $2,024,000. 82.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BOH has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of Hawaii in a report on Friday, July 24th. Benchmark restated a “hold” rating on shares of Bank of Hawaii in a research report on Tuesday, July 28th. Wall Street Zen cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Keefe, Bruyette & Woods cut their target price on Bank of Hawaii from $95.00 to $92.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Stephens raised their price target on Bank of Hawaii from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Three investment 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 stock currently has a consensus rating of “Hold” and a consensus target price of $85.20.

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.