Bank of Hawaii (NYSE:BOH) records strong transaction volume

By Jane V. Brewer Last updated Jul 28, 2023

Bank of Hawaii Co. (NYSE:BOH – Get Rating) saw a slight increase in trading volume on Monday. 4,494 shares were traded during trading, a 98% drop from the previous session’s volume of 201,604 shares. The stock last traded at $73.70 and previously closed at $71.70.

Analyst upgrades and downgrades

Several research companies have recently commented on BOH. StockNews.com downgraded the Bank of Hawaii from a “hold” rating to a “sell” rating in a Monday, May 23 report. Jefferies Financial Group cut its price target on Bank of Hawaii from $87.00 to $79.00 in a Monday, July 11 report.

Bank of Hawaii trades up 2.6%

The company has a fifty-day moving average price of $75.75 and a 200-day moving average price of $81.09. The company has a market capitalization of $3.06 billion, a PE ratio of 12.53, a growth price-earnings ratio of 1.67 and a beta of 1.13.

Bank of Hawaii (NYSE:BOH – Get Rating) last released its quarterly results on Monday, April 25. The bank reported EPS of $1.32 for the quarter, beating the consensus estimate of $1.22 by $0.10. The company posted revenue of $168.81 million for the quarter, versus analyst estimates of $169.30 million. Bank of Hawaii had a return on equity of 17.99% and a net margin of 35.44%. In the same quarter of the previous year, the company achieved EPS of $1.50. As a group, stock analysts predict Bank of Hawaii Co. will post earnings per share of 5.53 for the current year.

Bank of Hawaii announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 14. Investors of record on Tuesday, May 31 received a dividend of $0.70. The ex-dividend date was Friday, May 27. This represents an annualized dividend of $2.80 and a yield of 3.68%. Bank of Hawaii’s dividend payout ratio (DPR) is currently 46.13%.

Insider activity at Bank of Hawaii

Separately, CEO Peter S. Ho sold 5,500 shares of the company in a trade dated Tuesday, May 10. The shares were sold at an average price of $74.51, for a total value of $409,805.00. Following the sale, the CEO now directly owns 244,681 shares of the company, valued at approximately $18,231,181.31. The sale was disclosed in a legal filing with the SEC, accessible via this link. 2.06% of the shares are held by insiders.

Bank of Hawaii Institutional Trading

Institutional investors and hedge funds have recently been buying and selling stocks. State Street Corp increased its position in Bank of Hawaii by 10.9% in the first quarter. State Street Corp now owns 1,777,119 shares of the bank valued at $149,136,000 after acquiring an additional 174,889 shares last quarter. Grandeur Peak Global Advisors LLC increased its position in Bank of Hawaii by 175.2% in Q1. Grandeur Peak Global Advisors LLC now owns 191,968 shares of the bank valued at $16,110,000 after acquiring an additional 122,215 shares last quarter. Country Club Bank GFN acquired a new position in Bank of Hawaii in Q1 worth approximately $10,039,000. Northern Trust Corp increased its position in Bank of Hawaii by 25.8% in the first quarter. Northern Trust Corp now owns 447,658 shares of the bank valued at $37,568,000 after acquiring an additional 91,791 shares last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Bank of Hawaii by 13.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 721,421 shares of the bank valued at $60,426,000 after acquiring 82,904 additional shares last quarter. 71.07% of the shares are currently held by hedge funds and other institutional investors.

Bank of Hawaii Corporate Profile

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Bank of Hawaii Corporation operates as a bank holding company for Bank of Hawaii which 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 Others. The Consumer Banking segment offers checking, savings and term deposit accounts; residential mortgages, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases, and credit cards; 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 stocks, mutual funds, life insurance and annuity products.