Thrivent Financial for Lutherans Sells 1,829 Shares of Bank of Hawaii Co. (NYSE:BOH)

Thrivent Financial for Lutherans lessened its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,033 shares of the bank’s stock after selling 1,829 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.09% of Bank of Hawaii worth $1,947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BOH. Rothschild Investment LLC acquired a new stake in shares of Bank of Hawaii in the 2nd quarter worth $172,000. Bridges Investment Management Inc. acquired a new stake in shares of Bank of Hawaii in the 2nd quarter worth $205,000. Central Pacific Bank Trust Division acquired a new stake in shares of Bank of Hawaii in the 1st quarter worth $244,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Bank of Hawaii in the 1st quarter worth $283,000. Finally, Vancity Investment Management Ltd acquired a new stake in shares of Bank of Hawaii in the 1st quarter worth $291,000. Institutional investors own 82.18% of the company’s stock.

Insider Buying and Selling at Bank of Hawaii

In other Bank of Hawaii news, insider Taryn L. Salmon sold 2,364 shares of Bank of Hawaii stock in a transaction dated 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 owns 10,785 shares in the company, valued at approximately $731,223. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.11% of the company’s stock.

Bank of Hawaii Stock Performance

Shares of BOH stock opened at $61.33 on Wednesday. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 15.81 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.71 and a quick ratio of 0.71. The business has a fifty day moving average of $65.12 and a 200 day moving average of $61.14. Bank of Hawaii Co. has a 1 year low of $45.56 and a 1 year high of $75.19.

Bank of Hawaii (NYSE:BOH) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The company had revenue of $255.62 million for the quarter, compared to analysts’ expectations of $157.12 million. Bank of Hawaii had a net margin of 14.54% and a return on equity of 12.25%. During the same quarter in the previous year, the business posted $1.12 EPS. As a group, research analysts expect that Bank of Hawaii Co. will post 3.45 earnings per share for the current year.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, August 30th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.57%. Bank of Hawaii’s payout ratio is currently 72.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BOH. Piper Sandler cut Bank of Hawaii from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $70.00 to $61.00 in a research report on Monday, August 12th. DA Davidson raised their price objective on Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Jefferies Financial Group raised their price objective on Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Bank of Hawaii from $58.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 23rd. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $59.00.

Bank of Hawaii Company Profile

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.