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 transaction of $409,805.00. Following the completion of the sale, the chief executive officer now directly owns 244,681 shares of the company’s stock, valued at approximately $18,231,181.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bank of Hawaii stock opened at $74.06 on Thursday. The stock has a market capitalization of $2.98 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.69 and a beta of 1.16. Bank of Hawaii Co. has a twelve month low of $73.62 and a twelve 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:BOHGet Rating) last released its quarterly earnings results on Monday, April 25th. The bank reported $1.32 earnings per share 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%. During the same period in the previous year, the firm earned $1.50 earnings per share. On average, equities research analysts forecast that Bank of Hawaii Co. will post 5.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Tuesday, May 31st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, May 27th. Bank of Hawaii’s payout ratio is 46.13%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its holdings in Bank of Hawaii by 3.6% during the third quarter. Cetera Investment Advisers now owns 4,491 shares of the bank’s stock worth $369,000 after purchasing an additional 155 shares during the last quarter. Advisor Group Holdings Inc. boosted 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 purchasing an additional 169 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Bank of Hawaii by 5.9% during the first quarter. Crossmark Global Holdings Inc. now owns 3,405 shares of the bank’s stock worth $286,000 after purchasing an additional 190 shares during the last quarter. State of Michigan Retirement System boosted 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’s stock worth $863,000 after purchasing an additional 200 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in Bank of Hawaii by 2.9% during the first quarter. NorthCrest Asset Manangement LLC now owns 7,175 shares of the bank’s stock worth $602,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 71.07% of the company’s stock.

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

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.

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

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