Thrivent Financial for Lutherans Trims Position in Bank of Hawaii Co. (NYSE:BOH)

Thrivent Financial for Lutherans lessened its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 6.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,901 shares of the bank’s stock after selling 2,132 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Bank of Hawaii worth $2,002,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in shares of Bank of Hawaii by 4.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the bank’s stock worth $2,052,000 after buying an additional 1,398 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Bank of Hawaii in the 1st quarter worth $283,000. Tidal Investments LLC purchased a new position in shares of Bank of Hawaii in the 1st quarter worth $832,000. Swedbank AB raised its position in shares of Bank of Hawaii by 3.6% in the 2nd quarter. Swedbank AB now owns 725,000 shares of the bank’s stock worth $41,477,000 after buying an additional 25,000 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Bank of Hawaii by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,000 shares of the bank’s stock worth $1,144,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 82.18% of the company’s stock.

Wall Street Analyst Weigh In

BOH has been the topic of several research reports. Barclays increased their target price on Bank of Hawaii from $50.00 to $56.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods increased their target price on Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. DA Davidson increased their price target on Bank of Hawaii from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Stephens began coverage on Bank of Hawaii in a report on Wednesday. They issued an “overweight” rating and a $90.00 price target for the company. Finally, Piper Sandler increased their price target on Bank of Hawaii from $61.00 to $66.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.00.

Insider Buying and Selling

In related news, insider Matthew Emerson sold 1,355 shares of Bank of Hawaii stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $72.27, for a total value of $97,925.85. Following the completion of the transaction, the insider now directly owns 13,717 shares in the company, valued at approximately $991,327.59. This trade represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.11% of the company’s stock.

Bank of Hawaii Stock Up 0.7 %

Shares of Bank of Hawaii stock opened at $80.35 on Friday. The business has a 50-day moving average of $70.10 and a 200-day moving average of $64.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $3.19 billion, a PE ratio of 24.13, a P/E/G ratio of 5.24 and a beta of 1.03. Bank of Hawaii Co. has a 1-year low of $54.50 and a 1-year high of $82.70.

Bank of Hawaii (NYSE:BOH) last announced its earnings results on Monday, October 28th. The bank reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $265.76 million during the quarter, compared to the consensus estimate of $160.29 million. Bank of Hawaii had a return on equity of 11.33% and a net margin of 13.76%. During the same period last year, the firm earned $1.17 earnings per share. As a group, equities analysts forecast that Bank of Hawaii Co. will post 3.52 EPS for the current fiscal year.

Bank of Hawaii Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.70 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.80 dividend on an annualized basis and a yield of 3.48%. Bank of Hawaii’s dividend payout ratio (DPR) is 84.08%.

About Bank of Hawaii

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.