Bank of Hawaii Co. (NYSE: BOH – Get a rating) CEO Peter S. Ho sold 5,500 shares of the company in a trade that took place on Tuesday, May 10. The shares were sold at an average price of $74.51, for a total transaction of $409,805.00. Following the completion of the sale, the CEO now directly owns 244,681 shares of the company, valued at approximately $18,231,181.31. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.
Bank of Hawaii Action opened at $74.06 on Thursday. The stock has a market capitalization of $2.98 billion, a PE ratio of 12.20, a growth price-earnings ratio of 1.69 and a beta of 1.16. Bank of Hawaii Co. has a 12-month low of $73.62 and a 12-month high of $93.72. The company has a 50-day moving average of $80.55 and a 200-day moving average of $84.06.
Bank of Hawaii (NYSE: BOH – Get a rating) last released its quarterly results on Monday, April 25. The bank reported earnings per share of $1.32 for the quarter, beating the consensus estimate of $1.19 by $0.13. Bank of Hawaii had a net margin of 35.44% and a return on equity of 17.99%. In the same period a year earlier, the company earned earnings per share of $1.50. On average, equity research analysts expect Bank of Hawaii Co. to post EPS of 5.55 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 14. Investors of record on Tuesday, May 31 will receive a dividend of $0.70 per share. This represents an annualized dividend of $2.80 and a yield of 3.78%. The ex-dividend date is Friday, May 27. Bank of Hawaii’s payout ratio is 46.13%.
A number of institutional investors and hedge funds have recently changed their positions in the stock. Cetera Investment Advisers increased its holdings in Bank of Hawaii by 3.6% in the third quarter. Cetera Investment Advisers now owns 4,491 shares of the bank worth $369,000 after buying 155 more shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Bank of Hawaii by 2.6% in the third quarter. Advisor Group Holdings Inc. now owns 6,652 shares of the bank worth $547,000 after buying 169 additional shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Bank of Hawaii by 5.9% during the first quarter. Crossmark Global Holdings Inc. now owns 3,405 shares of the bank worth $286,000 after buying 190 additional shares in the last quarter. State of Michigan Retirement System increased its holdings in Bank of Hawaii by 2.0% during the fourth quarter. State of Michigan Retirement System now owns 10,299 shares of the bank worth $863,000 after buying 200 more shares in the last quarter. Finally, NorthCrest Asset Management LLC increased its stake in Bank of Hawaii by 2.9% during the first quarter. NorthCrest Asset Management LLC now owns 7,175 shares of the bank worth $602,000 after buying 200 more shares in the last quarter. Institutional investors and hedge funds own 71.07% of the company’s shares.
Separately, StockNews.com launched a hedge on Bank of Hawaii shares in a research note on Thursday, March 31. They issued a “holding” rating for the company.
Bank of Hawaii Corporate Profile (Get a rating)
Bank of Hawaii Corporation operates as a bank holding company for Bank of Hawaii which 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 Others. The Consumer Banking segment offers checking, savings and term deposit accounts; residential mortgages, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; banking, investment, credit and trust services to private and international clients to individuals and families, and high net worth individuals; investment management; institutional investment advisory services to corporations, government entities and foundations; and brokerage offerings, including stocks, mutual funds, life insurance and annuity products.
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