Bank of Hawaii Co. (BOH) Vice Chairman James C. Polk Sells 6,176 Shares

Bank of Hawaii Co. (NYSE:BOH) Vice Chairman James C. Polk sold 6,176 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $80.82, for a total value of $499,144.32. Following the completion of the sale, the insider now owns 31,291 shares in the company, valued at $2,528,938.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bank of Hawaii stock opened at $78.79 on Thursday. Bank of Hawaii Co. has a 1-year low of $63.64 and a 1-year high of $88.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, April 22nd. The bank reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.07. Bank of Hawaii had a return on equity of 17.81% and a net margin of 30.64%. The company had revenue of $168.52 million for the quarter, compared to analysts’ expectations of $166.51 million. During the same period last year, the firm earned $1.28 earnings per share. As a group, analysts anticipate that Bank of Hawaii Co. will post 5.59 earnings per share for the current fiscal year.



Bank of Hawaii announced that its board has authorized a share buyback plan on Monday, January 28th that allows the company to repurchase $130.00 million in outstanding shares. This repurchase authorization allows the bank to purchase up to 4.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This is a boost from Bank of Hawaii’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 3.30%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 47.42%.

A number of institutional investors have recently bought and sold shares of the business. Altshuler Shaham Ltd acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth about $25,000. Lindbrook Capital LLC acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth about $34,000. Enlightenment Research LLC acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth about $40,000. Toronto Dominion Bank acquired a new stake in shares of Bank of Hawaii during the fourth quarter worth about $47,000. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in shares of Bank of Hawaii during the first quarter worth about $77,000. Institutional investors own 76.40% of the company’s stock.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Compass Point cut Bank of Hawaii from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $83.00 to $82.00 in a research note on Monday, April 22nd. Finally, ValuEngine upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.60.

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Bank of Hawaii Company Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

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