Insider Selling: Bank of Hawaii Co. (NYSE:BOH) CEO Sells $409,805.00 in Stock

Bank of Hawaii Co. (NYSE:BOHGet Rating) CEO Peter S. Ho sold 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $74.51, for a total value of $409,805.00. Following the transaction, the chief executive officer now directly owns 244,681 shares in the company, valued at approximately $18,231,181.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BOH opened at $74.91 on Friday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.68 and a beta of 1.16. The stock’s 50 day moving average price is $80.30 and its 200-day moving average price is $83.88. Bank of Hawaii Co. has a one year low of $73.00 and a one year high of $93.72.

Bank of Hawaii (NYSE:BOHGet Rating) last announced its quarterly earnings results on Monday, April 25th. The bank reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.10. The firm had revenue of $168.81 million during the quarter, compared to analyst estimates of $169.30 million. Bank of Hawaii had a return on equity of 17.99% and a net margin of 35.44%. During the same quarter in the previous year, the business earned $1.50 earnings per share. As a group, sell-side analysts expect that Bank of Hawaii Co. will post 5.55 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Tuesday, May 31st will be issued a $0.70 dividend. The ex-dividend date is Friday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.74%. Bank of Hawaii’s payout ratio is 46.13%.

Separately, StockNews.com initiated coverage on Bank of Hawaii in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BOH. Morgan Stanley boosted its holdings in shares of Bank of Hawaii by 3.5% in the second quarter. Morgan Stanley now owns 116,526 shares of the bank’s stock valued at $9,814,000 after purchasing an additional 3,974 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Bank of Hawaii by 8.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 12,459 shares of the bank’s stock valued at $1,024,000 after purchasing an additional 942 shares during the period. Deutsche Bank AG lifted its holdings in Bank of Hawaii by 5.7% during the third quarter. Deutsche Bank AG now owns 6,062 shares of the bank’s stock worth $498,000 after buying an additional 328 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Bank of Hawaii by 9.7% during the third quarter. PNC Financial Services Group Inc. now owns 8,322 shares of the bank’s stock worth $684,000 after buying an additional 736 shares during the period. Finally, Advisor Group Holdings Inc. lifted its holdings in Bank of Hawaii by 2.6% during the third quarter. Advisor Group Holdings Inc. now owns 6,652 shares of the bank’s stock worth $547,000 after buying an additional 169 shares during the period. Hedge funds and other institutional investors own 71.07% of the company’s stock.

Bank of Hawaii Company Profile (Get Rating)

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, personal 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, and 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.

Featured Stories

Insider Buying and Selling by Quarter for Bank of Hawaii (NYSE:BOH)

Receive News & Ratings for Bank of Hawaii Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Hawaii and related companies with MarketBeat.com's FREE daily email newsletter.