Bank of Hawaii Corporation (BOH) Shares Bought by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans boosted its holdings in Bank of Hawaii Corporation (NYSE:BOH) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,640 shares of the bank’s stock after purchasing an additional 600 shares during the period. Thrivent Financial For Lutherans’ holdings in Bank of Hawaii Corporation were worth $717,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BOH. UBS Asset Management Americas Inc. boosted its position in Bank of Hawaii Corporation by 18.9% in the first quarter. UBS Asset Management Americas Inc. now owns 34,157 shares of the bank’s stock worth $2,813,000 after purchasing an additional 5,421 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Bank of Hawaii Corporation by 4.0% in the first quarter. Ameriprise Financial Inc. now owns 119,043 shares of the bank’s stock worth $9,804,000 after purchasing an additional 4,622 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Bank of Hawaii Corporation by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 6,198 shares of the bank’s stock worth $511,000 after purchasing an additional 166 shares during the last quarter. Prudential Financial Inc. boosted its position in Bank of Hawaii Corporation by 5.9% in the first quarter. Prudential Financial Inc. now owns 26,391 shares of the bank’s stock worth $2,174,000 after purchasing an additional 1,470 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Bank of Hawaii Corporation by 267.9% in the first quarter. SG Americas Securities LLC now owns 11,559 shares of the bank’s stock worth $952,000 after purchasing an additional 8,417 shares during the last quarter. 75.61% of the stock is currently owned by institutional investors and hedge funds.

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Several research firms have weighed in on BOH. BidaskClub cut Bank of Hawaii Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Jefferies Group LLC reissued a “hold” rating and issued a $85.00 price objective on shares of Bank of Hawaii Corporation in a research report on Friday, September 15th. Zacks Investment Research cut Bank of Hawaii Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays PLC reissued an “equal weight” rating and issued a $83.00 price objective (up previously from $81.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, July 12th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $77.00 price objective (up previously from $75.00) on shares of Bank of Hawaii Corporation in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Bank of Hawaii Corporation has a consensus rating of “Hold” and a consensus price target of $88.60.

In other news, insider Donna A. Tanoue sold 4,050 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $76.15, for a total value of $308,407.50. Following the transaction, the insider now directly owns 9,969 shares in the company, valued at approximately $759,139.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Donna A. Tanoue sold 1,185 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $76.86, for a total value of $91,079.10. Following the completion of the transaction, the insider now owns 15,204 shares in the company, valued at $1,168,579.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,235 shares of company stock worth $860,767. Company insiders own 2.16% of the company’s stock.

Bank of Hawaii Corporation (NYSE:BOH) opened at 84.18 on Thursday. The firm has a 50-day moving average price of $80.48 and a 200 day moving average price of $81.03. The stock has a market cap of $3.59 billion, a PE ratio of 19.67 and a beta of 0.99. Bank of Hawaii Corporation has a 52-week low of $71.78 and a 52-week high of $90.80.

Bank of Hawaii Corporation (NYSE:BOH) last issued its earnings results on Monday, July 24th. The bank reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. Bank of Hawaii Corporation had a return on equity of 15.45% and a net margin of 27.28%. The business had revenue of $157.52 million for the quarter, compared to the consensus estimate of $157.76 million. During the same period last year, the business posted $1.03 EPS. On average, analysts forecast that Bank of Hawaii Corporation will post $4.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.47%. This is an increase from Bank of Hawaii Corporation’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, August 29th. Bank of Hawaii Corporation’s dividend payout ratio (DPR) is currently 48.48%.

Bank of Hawaii Corporation Profile

Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial products and services primarily to customers in Hawaii, Guam and other Pacific Islands. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other.

Institutional Ownership by Quarter for Bank of Hawaii Corporation (NYSE:BOH)

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