Bullish Bank of Hawaii Insiders Loaded Up On US$592.9k Of Stock

Bullish Bank of Hawaii Insiders Loaded Up On US$592.9k Of Stock

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Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Bank of Hawaii Corporation (NYSE:BOH), it sends a favourable message to the company's shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for Bank of Hawaii

The Last 12 Months Of Insider Transactions At Bank of Hawaii

In the last twelve months, the biggest single purchase by an insider was when Independent Director Robert Wo bought US$259k worth of shares at a price of US$40.97 per share. Even though the purchase was made at a significantly lower price than the recent price (US$68.19), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

In the last twelve months Bank of Hawaii insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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NYSE:BOH Insider Trading Volume January 23rd 2024

Bank of Hawaii is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership Of Bank of Hawaii

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It appears that Bank of Hawaii insiders own 2.0% of the company, worth about US$53m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Bank of Hawaii Insiders?

It doesn't really mean much that no insider has traded Bank of Hawaii shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders do have a stake in Bank of Hawaii and their transactions don't cause us concern. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Bank of Hawaii. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Bank of Hawaii.