Thrivent Financial for Lutherans lifted its stake in shares of Bank of Hawaii Co. (NYSE:BOH) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,669 shares of the bank’s stock after purchasing an additional 473 shares during the period. Thrivent Financial for Lutherans’ holdings in Bank of Hawaii were worth $718,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its stake in Bank of Hawaii by 2.9% in the 4th quarter. BlackRock Inc. now owns 4,930,583 shares of the bank’s stock valued at $331,928,000 after acquiring an additional 138,109 shares during the period. Vanguard Group Inc raised its stake in Bank of Hawaii by 3.3% in the 3rd quarter. Vanguard Group Inc now owns 3,977,421 shares of the bank’s stock valued at $313,859,000 after acquiring an additional 127,262 shares during the period. Vanguard Group Inc. raised its stake in Bank of Hawaii by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,977,421 shares of the bank’s stock valued at $313,859,000 after acquiring an additional 127,262 shares during the period. Dimensional Fund Advisors LP raised its stake in Bank of Hawaii by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,057,779 shares of the bank’s stock valued at $71,209,000 after acquiring an additional 20,612 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Bank of Hawaii by 6.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,035,593 shares of the bank’s stock valued at $69,716,000 after acquiring an additional 61,600 shares during the period. Institutional investors and hedge funds own 75.81% of the company’s stock.

BOH opened at $80.28 on Thursday. Bank of Hawaii Co. has a 1-year low of $63.64 and a 1-year high of $88.92. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $3.30 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87.

Bank of Hawaii (NYSE:BOH) last posted its quarterly earnings data on Monday, January 28th. The bank reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.06). The firm had revenue of $166.08 million for the quarter, compared to the consensus estimate of $166.16 million. Bank of Hawaii had a return on equity of 17.53% and a net margin of 30.54%. During the same quarter in the previous year, the business earned $1.01 EPS. As a group, equities analysts expect that Bank of Hawaii Co. will post 5.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 28th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Wednesday, February 27th. Bank of Hawaii’s payout ratio is 47.42%.

Bank of Hawaii declared that its board has authorized a stock repurchase program on Monday, January 28th that permits the company to buyback $130.00 million in outstanding shares. This buyback authorization permits the bank to reacquire up to 4.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

A number of equities research analysts recently weighed in on BOH shares. ValuEngine upgraded Bank of Hawaii from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Barclays restated a “hold” rating and issued a $85.00 price target on shares of Bank of Hawaii in a research note on Friday, January 11th. Finally, Zacks Investment Research cut Bank of Hawaii from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Bank of Hawaii presently has a consensus rating of “Hold” and a consensus price target of $86.50.

In other Bank of Hawaii news, Vice Chairman Sharon M. Crofts sold 5,833 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $79.62, for a total transaction of $464,423.46. Following the transaction, the insider now owns 48,778 shares in the company, valued at approximately $3,883,704.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.13% of the stock is owned by company insiders.

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Bank of Hawaii Profile

Bank of Hawaii Corporation operates as the bank holding company for Bank of Hawaii that provides financial products and services in Hawaii, Guam, and other Pacific Islands. It operates through four segments: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other.

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

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