Trade Alert: The Independent Director Of Bank of Hawaii Corporation (NYSE:BOH), Alicia Moy, Has Just Spent US$201k Buying 67% More Shares
Investors who take an interest in Bank of Hawaii Corporation (NYSE:BOH) should definitely note that the Independent Director, Alicia Moy, recently paid US$47.90 per share to buy US$201k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 67%, potentially signalling some real optimism.
See our latest analysis for Bank of Hawaii
The Last 12 Months Of Insider Transactions At Bank of Hawaii
In fact, the recent purchase by Alicia Moy was the biggest purchase of Bank of Hawaii shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at above the current price of US$44.80. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Bank of Hawaii insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.8% of Bank of Hawaii shares, worth about US$32m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Bank of Hawaii Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Bank of Hawaii insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. 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.
Of course Bank of Hawaii may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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