Bank of Hawaii Co. (NYSE:BOH) Short Interest Down 8.7% in August
Bank of Hawaii Co. (NYSE:BOH) experienced an 8.7% decrease in short interest in August, with 4,620,000 shares short sold as of August 15th, compared to 5,060,000 shares at the end of July. Approximately 11.9% of the company's shares are short. The days-to-cover ratio stands at 14.1 days based on an average daily volume of 326,700 shares. Additionally, several analysts have upgraded or downgraded the stock, with a consensus rating of "Reduce" and an average target price of $X. The stock traded down 0.3% recently, with a market cap of $X billion.
Bank of Hawaii Co. (NYSE:BOH - Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 4,620,000 shares, a decline of 8.7% from the July 31st total of 5,060,000 shares. Approximately 11.9% of the company's shares are sold short. Based on an average daily trading volume, of 326,700 shares, the days-to-cover ratio is presently 14.1 days.
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Insider Activity
- 2 Regional Banks to Buy Amid the Chaos
In other news, insider Taryn L. Salmon sold 2,364 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $67.80, for a total transaction of $160,279.20. Following the completion of the transaction, the insider now directly owns 10,785 shares in the company, valued at approximately $731,223. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.11% of the company's stock.
Institutional Trading of Bank of Hawaii
A number of institutional investors have recently modified their holdings of BOH. International Assets Investment Management LLC purchased a new position in Bank of Hawaii in the 4th quarter worth approximately $8,952,000. GAMMA Investing LLC purchased a new stake in Bank of Hawaii during the 4th quarter worth $41,000. Atria Wealth Solutions Inc. lifted its holdings in Bank of Hawaii by 16.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 11,135 shares of the bank's stock worth $807,000 after buying an additional 1,611 shares in the last quarter. Natixis Advisors L.P. boosted its position in Bank of Hawaii by 4.6% in the 4th quarter. Natixis Advisors L.P. now owns 296,440 shares of the bank's stock valued at $21,480,000 after buying an additional 12,985 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Bank of Hawaii in the fourth quarter worth about $444,000. Hedge funds and other institutional investors own 82.18% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the company. Jefferies Financial Group raised their price target on Bank of Hawaii from $53.00 to $54.00 and gave the company a "hold" rating in a research note on Wednesday, July 3rd. Keefe, Bruyette & Woods increased their price target on Bank of Hawaii from $58.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, July 23rd. DA Davidson upped their price objective on shares of Bank of Hawaii from $63.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. StockNews.com upgraded shares of Bank of Hawaii to a "sell" rating in a report on Thursday, May 30th. Finally, Piper Sandler downgraded shares of Bank of Hawaii from a "neutral" rating to an "underweight" rating and decreased their price objective for the stock from $70.00 to $61.00 in a report on Monday, August 12th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $59.00.
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Bank of Hawaii Trading Down 0.3 %
BOH traded down $0.23 during trading on Tuesday, hitting $66.14. The company's stock had a trading volume of 10,785 shares, compared to its average volume of 316,106. The stock has a market cap of $2.63 billion, a PE ratio of 17.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71. Bank of Hawaii has a twelve month low of $45.56 and a twelve month high of $75.19. The firm's 50 day moving average price is $63.77 and its 200-day moving average price is $60.76.
Bank of Hawaii (NYSE:BOH - Get Free Report) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). Bank of Hawaii had a return on equity of 12.25% and a net margin of 14.54%. The company had revenue of $255.62 million for the quarter, compared to analyst estimates of $157.12 million. During the same period last year, the company posted $1.12 EPS. On average, analysts expect that Bank of Hawaii will post 3.45 earnings per share for the current year.
Bank of Hawaii Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.23%. Bank of Hawaii's dividend payout ratio (DPR) is 72.16%.
About Bank of Hawaii
(Get Free Report)Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that 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 Other. The Consumer Banking segment offers checking, savings, and time deposit accounts; residential mortgage loans, home equity lines of credit, automobile loans and leases, overdraft lines of credit, installment loans, small business loans and leases, and credit cards; private and international client banking, investment, credit, and trust services to individuals and families, as well as high-net-worth individuals; investment management; institutional investment advisory services to corporations, government entities, and foundations; and brokerage offerings, including equities, mutual funds, life insurance, and annuity products.
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