Bank of Hawaii Co. (BOH) To Go Ex-Dividend on February 27th

Bank of Hawaii Co. (NYSE:BOHGet Rating) declared a quarterly dividend on Monday, January 23rd, Zacks reports. Stockholders of record on Tuesday, February 28th will be paid a dividend of 0.70 per share by the bank on Tuesday, March 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Monday, February 27th.

Bank of Hawaii has raised its dividend payment by an average of 2.6% per year over the last three years. Bank of Hawaii has a dividend payout ratio of 48.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Bank of Hawaii to earn $5.53 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 50.6%.

Bank of Hawaii Stock Down 0.5 %

BOH stock opened at $74.68 on Wednesday. The stock has a market capitalization of $2.99 billion, a P/E ratio of 13.50, a PEG ratio of 1.69 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.65 and a current ratio of 0.65. Bank of Hawaii has a one year low of $70.15 and a one year high of $89.30. The company has a 50 day moving average price of $78.37 and a two-hundred day moving average price of $78.24.

Bank of Hawaii (NYSE:BOHGet Rating) last released its earnings results on Monday, January 23rd. The bank reported $1.50 EPS for the quarter, topping the consensus estimate of $1.42 by $0.08. Bank of Hawaii had a net margin of 29.91% and a return on equity of 19.31%. The firm had revenue of $213.49 million during the quarter, compared to analysts’ expectations of $181.09 million. During the same period in the previous year, the company earned $1.55 EPS. As a group, sell-side analysts expect that Bank of Hawaii will post 5.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com cut shares of Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Tuesday, December 6th. DA Davidson cut their price objective on shares of Bank of Hawaii from $80.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday, October 25th. Finally, Compass Point lowered shares of Bank of Hawaii from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a report on Tuesday.

Insider Transactions at Bank of Hawaii

In other news, CEO Peter S. Ho sold 5,500 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $79.30, for a total value of $436,150.00. Following the completion of the sale, the chief executive officer now owns 233,681 shares of the company’s stock, valued at approximately $18,530,903.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.06% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. grew its position in Bank of Hawaii by 1.9% in the 1st quarter. Sei Investments Co. now owns 8,223 shares of the bank’s stock worth $724,000 after purchasing an additional 151 shares during the last quarter. Point72 Hong Kong Ltd grew its position in Bank of Hawaii by 27.9% in the 1st quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank’s stock worth $60,000 after purchasing an additional 155 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Bank of Hawaii by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 21,833 shares of the bank’s stock worth $1,662,000 after purchasing an additional 169 shares during the last quarter. Covestor Ltd grew its position in Bank of Hawaii by 72.4% in the 1st quarter. Covestor Ltd now owns 707 shares of the bank’s stock worth $59,000 after purchasing an additional 297 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its stake in shares of Bank of Hawaii by 2.0% in the 1st quarter. Yousif Capital Management LLC now owns 21,391 shares of the bank’s stock worth $1,795,000 after acquiring an additional 425 shares during the period. Institutional investors own 74.29% of the company’s stock.

About Bank of Hawaii

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Bank of Hawaii Corp. operates as a bank holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. The Retail Banking segment offers financial products and services to consumers and small businesses.

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Dividend History for Bank of Hawaii (NYSE:BOH)

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