Bank of Hawaii Co. (NYSE:BOH) Holdings Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in Bank of Hawaii Co. (NYSE:BOH) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,901 shares of the bank’s stock after selling 2,132 shares during the period. Thrivent Financial for Lutherans’ holdings in Bank of Hawaii were worth $2,002,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BOH. Victory Capital Management Inc. lifted its holdings in Bank of Hawaii by 13.1% in the second quarter. Victory Capital Management Inc. now owns 1,634,909 shares of the bank’s stock worth $93,533,000 after acquiring an additional 189,878 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Bank of Hawaii during the third quarter valued at approximately $70,960,000. Dimensional Fund Advisors LP raised its holdings in shares of Bank of Hawaii by 14.2% during the second quarter. Dimensional Fund Advisors LP now owns 789,486 shares of the bank’s stock valued at $45,167,000 after buying an additional 98,465 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Bank of Hawaii by 8.7% during the second quarter. American Century Companies Inc. now owns 675,615 shares of the bank’s stock valued at $38,652,000 after buying an additional 54,078 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Bank of Hawaii during the second quarter valued at approximately $2,230,000. Institutional investors own 82.18% of the company’s stock.

Insider Buying and Selling at Bank of Hawaii

In other news, insider Matthew Emerson sold 1,355 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $72.27, for a total value of $97,925.85. Following the transaction, the insider now directly owns 13,717 shares of the company’s stock, valued at approximately $991,327.59. This represents a 8.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.11% of the company’s stock.

Bank of Hawaii Price Performance

Shares of NYSE:BOH opened at $80.35 on Friday. 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 stock has a market cap of $3.19 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 5.24 and a beta of 1.03. Bank of Hawaii Co. has a 12 month low of $54.50 and a 12 month high of $82.70. The stock’s 50 day moving average price is $70.10 and its 200 day moving average price is $64.65.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings results on Monday, October 28th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $265.76 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $1.17 earnings per share. Equities research analysts anticipate that Bank of Hawaii Co. will post 3.52 earnings per share for the current fiscal year.

Bank of Hawaii Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.70 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.80 annualized dividend and a dividend yield of 3.48%. Bank of Hawaii’s dividend payout ratio is currently 84.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BOH shares. Stephens started coverage on Bank of Hawaii in a report on Wednesday. They set an “overweight” rating and a $90.00 price target on the stock. Barclays lifted their price target on Bank of Hawaii from $50.00 to $56.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. DA Davidson lifted 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. Piper Sandler lifted 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. Finally, Keefe, Bruyette & Woods boosted their target price on Bank of Hawaii from $67.00 to $74.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.00.

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.