Bank of Hawaii Co. (NYSE:BOH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in shares of Bank of Hawaii Co. (NYSE:BOH) by 5.1% during the second quarter, Holdings Channel.com reports. The fund owned 34,033 shares of the bank’s stock after selling 1,829 shares during the period. Thrivent Financial for Lutherans’ holdings in Bank of Hawaii were worth $1,947,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Illinois Municipal Retirement Fund boosted its holdings in Bank of Hawaii by 0.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 21,787 shares of the bank’s stock worth $1,359,000 after buying an additional 176 shares during the last quarter. Congress Asset Management Co. MA boosted its holdings in Bank of Hawaii by 0.4% in the 4th quarter. Congress Asset Management Co. MA now owns 48,987 shares of the bank’s stock worth $3,550,000 after buying an additional 185 shares during the last quarter. Arizona State Retirement System boosted its holdings in Bank of Hawaii by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 11,134 shares of the bank’s stock worth $637,000 after buying an additional 210 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in 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 last quarter. Finally, Harrington Investments INC boosted its holdings in Bank of Hawaii by 2.0% in the 2nd quarter. Harrington Investments INC now owns 19,706 shares of the bank’s stock worth $1,127,000 after buying an additional 394 shares during the last quarter. 82.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on BOH. Jefferies Financial Group lifted their price objective on Bank of Hawaii from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. DA Davidson lifted their price objective on Bank of Hawaii from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. 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 report on Monday, August 12th. Finally, Keefe, Bruyette & Woods boosted their target price on Bank of Hawaii from $58.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, July 23rd. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat, Bank of Hawaii has an average rating of “Reduce” and an average price target of $59.00.

Insider Transactions at Bank of Hawaii

In related news, insider Taryn L. Salmon sold 2,364 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $67.80, for a total value of $160,279.20. Following the sale, the insider now directly owns 10,785 shares in the company, valued at approximately $731,223. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.11% of the company’s stock.

Bank of Hawaii Stock Down 2.3 %

NYSE BOH opened at $61.33 on Wednesday. Bank of Hawaii Co. has a 52 week low of $45.56 and a 52 week high of $75.19. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $65.12 and its 200-day simple moving average is $61.14. The firm has a market cap of $2.44 billion, a PE ratio of 15.81 and a beta of 1.05.

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

Bank of Hawaii Announces Dividend

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

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.