Bank of Hawaii Corporation (NYSE:BOH) announced a quarterly dividend on Tuesday, January 24th. Investors of record on Wednesday, February 22nd will be paid a dividend of 0.48 per share on Wednesday, March 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, February 17th.
Shares of Bank of Hawaii Corporation (NYSE:BOH) opened at 83.78 on Friday. The company has a 50 day moving average of $87.08 and a 200-day moving average of $78.63. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 19.81 and a beta of 0.92. Bank of Hawaii Corporation has a one year low of $60.74 and a one year high of $90.80.
Bank of Hawaii Corporation (NYSE:BOH) last announced its earnings results on Monday, January 23rd. The company reported $1.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.02. Bank of Hawaii Corporation had a net margin of 27.69% and a return on equity of 15.71%. During the same quarter last year, the firm posted $0.99 EPS. On average, analysts expect that Bank of Hawaii Corporation will post $4.27 EPS for the current year.
In other Bank of Hawaii Corporation news, Vice Chairman Derek J. Norris sold 23,333 shares of the company’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $88.18, for a total value of $2,057,503.94. Following the completion of the transaction, the insider now directly owns 48,434 shares in the company, valued at approximately $4,270,910.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Mark Alan Rossi sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $88.29, for a total transaction of $2,648,700.00. Following the completion of the transaction, the insider now owns 66,346 shares of the company’s stock, valued at $5,857,688.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,498 shares of company stock valued at $5,887,848. Corporate insiders own 2.52% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Barclays PLC increased their price objective on shares of Bank of Hawaii Corporation from $71.00 to $73.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 25th. Eight research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $73.38.
About Bank of Hawaii Corporation
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.
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