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

Bank of Hawaii Co. (NYSE: BOHGet a rating) hit a new 52-week low on Tuesday. The stock traded as low as $72.99 and last traded at $72.99, with a volume of 5286 shares traded in hands. The stock had previously closed at $73.79.

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

The stock has a market capitalization of $2.94 billion, a P/E ratio 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.

Bank of Hawaii (NYSE: BOHGet a rating) last released its 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. Bank of Hawaii had a return on equity of 17.99% and a net margin of 35.44%. The company posted revenue of $168.81 million for the quarter, compared to $169.30 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $1.50. As a group, research analysts expect Bank of Hawaii Co. to post earnings per share of 5.55 for the current year.

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

In related news, CEO Peter S. Ho sold 5,500 shares of the company in a transaction that took place on Tuesday, May 10. The stock was sold at an average price of $74.51, for a total transaction of $409,805.00. As a result of the transaction, the CEO 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, accessible via this hyperlink. Company insiders hold 2.06% of the company’s shares.

Hedge funds and other institutional investors have recently changed their stakes in the company. Walleye Capital LLC purchased a new stake in Bank of Hawaii stock during Q1 for $209,000. BNP Paribas Arbitrage SA increased its position in Bank of Hawaii shares by 29.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 20,726 shares in the bank valued at $1,739,000 after acquiring an additional 4,764 shares during the period. Point72 Hong Kong Ltd increased its position in Bank of Hawaii shares by 27.9% during the 1st quarter. Point72 Hong Kong Ltd now owns 710 shares of the bank valued at $60,000 after acquiring an additional 155 shares during the period. First Republic Investment Management Inc. raised 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 after acquiring 2,843 additional shares during the period. Finally, Guggenheim Capital LLC acquired during the 1st quarter a new equity stake in Bank of Hawaii valued at $654,000. 71.07% of the shares are currently held by hedge funds and other institutional investors.

About Bank of Hawaii (NYSE: BOH)

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 private and international clients 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.

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