Bank of Hawaii Corporation (NYSE:BOH) Announces $0.70 Quarterly Dividend

Bank of Hawaii Corporation (NYSE:BOH) declared a quarterly dividend on Monday, January 26th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.70 per share by the bank on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, February 27th.

Bank of Hawaii has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Bank of Hawaii has a payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bank of Hawaii to earn $4.75 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 58.9%.

Bank of Hawaii Trading Up 6.1%

Shares of BOH stock traded up $4.35 on Monday, reaching $75.15. 835,927 shares of the stock were exchanged, compared to its average volume of 367,698. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.70 and a quick ratio of 0.70. Bank of Hawaii has a one year low of $57.44 and a one year high of $76.00. The stock has a market cap of $2.99 billion, a PE ratio of 18.42, a P/E/G ratio of 0.62 and a beta of 0.75. The stock has a 50 day moving average price of $68.70 and a 200 day moving average price of $66.67.

Bank of Hawaii (NYSE:BOH) last announced its quarterly earnings data on Monday, January 26th. The bank reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.15. Bank of Hawaii had a return on equity of 13.33% and a net margin of 17.41%.The firm had revenue of $189.65 million during the quarter, compared to analysts’ expectations of $184.83 million. During the same period in the previous year, the business posted $0.85 EPS. Equities research analysts forecast that Bank of Hawaii will post 3.97 EPS for the current fiscal year.

Insider Activity at Bank of Hawaii

In related news, CEO Peter S. Ho sold 15,000 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $67.87, for a total value of $1,018,050.00. Following the completion of the transaction, the chief executive officer directly owned 156,774 shares of the company’s stock, valued at approximately $10,640,251.38. This represents a 8.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. DF Dent & Co. Inc. raised its stake in Bank of Hawaii by 4.8% during the third quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock worth $225,000 after acquiring an additional 157 shares in the last quarter. MAI Capital Management grew its holdings in shares of Bank of Hawaii by 5.7% during the 3rd quarter. MAI Capital Management now owns 2,972 shares of the bank’s stock valued at $195,000 after purchasing an additional 160 shares during the last quarter. First Affirmative Financial Network increased its position in Bank of Hawaii by 5.6% during the 3rd quarter. First Affirmative Financial Network now owns 3,353 shares of the bank’s stock worth $220,000 after purchasing an additional 178 shares in the last quarter. Cerity Partners LLC lifted its stake in Bank of Hawaii by 1.2% in the 2nd quarter. Cerity Partners LLC now owns 16,391 shares of the bank’s stock valued at $1,107,000 after purchasing an additional 196 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its stake in Bank of Hawaii by 1.3% in the 4th quarter. Perigon Wealth Management LLC now owns 16,320 shares of the bank’s stock valued at $1,116,000 after purchasing an additional 206 shares during the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

About Bank of Hawaii

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.