Patrick M. Mcguirk Sells 2,000 Shares of Bank of Hawaii Co. (NYSE:BOH) Stock

Bank of Hawaii Co. (NYSE:BOH) CAO Patrick M. Mcguirk sold 2,000 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $75.08, for a total transaction of $150,160.00. Following the completion of the transaction, the chief accounting officer now owns 9,173 shares of the company’s stock, valued at $688,708.84. This represents a 17.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $75.15 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.42. The company has a market cap of $2.99 billion, a P/E ratio of 21.72 and a beta of 1.04. Bank of Hawaii Co. has a 52 week low of $54.50 and a 52 week high of $82.70. The company has a 50-day moving average price of $72.84 and a 200 day moving average price of $69.65.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, January 27th. The bank reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). Bank of Hawaii had a net margin of 14.47% and a return on equity of 11.81%. Research analysts predict that Bank of Hawaii Co. will post 3.87 earnings per share for the current year.

Bank of Hawaii Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.70 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.80 dividend on an annualized basis and a yield of 3.73%. Bank of Hawaii’s payout ratio is currently 80.92%.

Institutional Investors Weigh In On Bank of Hawaii

A number of hedge funds have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC lifted its position in shares of Bank of Hawaii by 0.9% during the 4th quarter. Perigon Wealth Management LLC now owns 16,474 shares of the bank’s stock valued at $1,168,000 after acquiring an additional 154 shares during the period. Glenmede Trust Co. NA lifted its position in shares of Bank of Hawaii by 3.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,315 shares of the bank’s stock valued at $396,000 after acquiring an additional 182 shares during the period. Illinois Municipal Retirement Fund lifted its position in shares of Bank of Hawaii by 1.5% during the 4th quarter. Illinois Municipal Retirement Fund now owns 22,060 shares of the bank’s stock valued at $1,572,000 after acquiring an additional 324 shares during the period. Cadinha & Co. LLC lifted its position in shares of Bank of Hawaii by 12.2% during the 4th quarter. Cadinha & Co. LLC now owns 3,893 shares of the bank’s stock valued at $277,000 after acquiring an additional 423 shares during the period. Finally, Harrington Investments INC lifted its position in shares of Bank of Hawaii by 2.3% during the 3rd quarter. Harrington Investments INC now owns 20,156 shares of the bank’s stock valued at $1,265,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 82.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BOH shares. DA Davidson upped their price objective on shares of Bank of Hawaii from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Barclays increased their target price on shares of Bank of Hawaii from $56.00 to $66.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Stephens initiated coverage on shares of Bank of Hawaii in a research note on Wednesday, November 27th. They set an “overweight” rating and a $90.00 target price for the company. Keefe, Bruyette & Woods increased their target price on shares of Bank of Hawaii from $74.00 to $81.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler increased their target price on shares of Bank of Hawaii from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $73.00.

Bank of Hawaii Company Profile

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, overdraft 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, as well as 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.