Bank of Hawaii (NYSE:BOH) hits a fresh 12-month low at $72.99

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Bank of Hawaii Co. (NYSE:BOH – Get Rating) stock price hit a new 52-week low on Tuesday. The stock has traded as low as $72.99 and last traded at $72.99 with volume of 5286 shares traded hands. The stock had previously closed at $73.79.

Separately, StockNews.com downgraded the Bank of Hawaii from a “hold” rating to a “sell” rating in a report Monday, May 23.

The stock has a market cap of $2.94 billion, a P/E of 12.16, a PEG ratio of 1.69, and a beta of 1.15. The company has a 50-day simple moving average of $77.48 and a 200-day simple moving average of $82.55.

The Bank of Hawaii (NYSE:BOH – Get Rating) last released its earnings results on Monday, April 25th. The bank reported $1.32 EPS for the quarter, beating the consensus estimate of $1.22 by $0.10. Bank of Hawaii had a 17.99% return on equity and a 35.44% net margin. The company had revenue of $168.81 million for the quarter, compared to analysts’ expectations of $169.30 million. In the same quarter last year, the company posted $1.50 per share. As a group, research analysts are forecasting that Bank of Hawaii Co. will report year-to-date earnings per share of 5.55.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 14th. Stockholders of record on Tuesday, May 31 will receive a dividend of $0.70 per share. That equates to a dividend of $2.80 on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Friday May 27th. Bank of Hawaii’s payout ratio is currently 46.13%.

In related news, CEO Peter S. Ho sold 5,500 shares of the company’s stock in a transaction that took place on Tuesday, May 10th. The stock sold at an average price of $74.51 for a total transaction of $409,805.00. Following the transaction, the Chief Executive Officer now directly owns 244,681 shares of the Company, valued at approximately $18,231,181.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed at this hyperlink. Company insiders own 2.06% of the company’s shares.

Hedge funds and other institutional investors recently changed their holdings in the company. Walleye Capital LLC acquired a new stake in Bank of Hawaii stock valued at $209,000 during the first quarter. BNP Paribas Arbitrage SA increased its position in Bank of Hawaii shares by 29.8% in the first quarter. BNP Paribas Arbitrage SA now owns 20,726 shares of the bank, valued at $1,739,000, having acquired a further 4,764 shares during the period. Point72 Hong Kong Ltd increased its position in Bank of Hawaii shares by 27.9% in the first quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank, valued at $60,000, having acquired a further 155 shares during this period. First Republic Investment Management Inc. increased its position in Bank of Hawaii shares by 2.5% in the first quarter. First Republic Investment Management Inc. now owns 116,588 shares of the bank, valued at $9,784,000, having purchased an additional 2,843 shares during the period. Finally, during the first quarter, Guggenheim Capital LLC acquired a new stake in Bank of Hawaii stock valued at $654,000. 71.07% of the shares are currently owned by hedge funds and other institutional investors.

About the Bank of Hawaii (NYSE:BOH)

Bank of Hawaii Corporation acts as the bank holding company for Bank of Hawaii, which provides various financial products and services in Hawaii, Guam and other Pacific Islands. It operates through three segments: Consumer Banking, Commercial Banking, and Treasury and Other. The Consumer Banking segment offers current, savings and time deposit accounts; residential mortgage loans, home equity lines of credit, auto loans and leases, personal lines of credit, installment loans, small business loans and leases and credit cards; banking for private and international customers, investment, credit and trustee services for individuals and families and high net worth individuals; investment management; institutional investment advice for corporations, government agencies and foundations; and brokerage offerings, including stocks, mutual funds, life insurance, and annuity products.

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