The stock of Bank of Hawaii Corporation (NYSE:BOH) reached all time high today, Oct, 7 and still has $105.96 target or 44.00% above today’s $73.58 share price. This indicates more upside for the $3.17 billion company. This technical setup was reported by Barchart.com. If the $105.96 PT is reached, the company will be worth $1.39B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 103,507 shares traded hands. Bank of Hawaii Corporation (NYSE:BOH) has risen 8.65% since March 4, 2016 and is uptrending. It has outperformed by 0.61% the S&P500.
Analysts await Bank of Hawaii Corporation (NYSE:BOH) to report earnings on October, 24. They expect $0.99 earnings per share, up 25.32% or $0.20 from last year’s $0.79 per share. BOH’s profit will be $42.65M for 18.58 P/E if the $0.99 EPS becomes a reality. After $1.03 actual earnings per share reported by Bank of Hawaii Corporation for the previous quarter, Wall Street now forecasts -3.88% negative EPS growth.
Bank of Hawaii Corporation (NYSE:BOH) Ratings Coverage
Out of 7 analysts covering Bank of Hawaii (NYSE:BOH), 0 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 0 are positive. Bank of Hawaii has been the topic of 10 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Bank of Hawaii Corporation (NYSE:BOH) has “Sector Perform” rating given on Tuesday, January 26 by RBC Capital Markets. As per Thursday, August 11, the company rating was initiated by Compass Point. On Friday, July 8 the stock rating was initiated by Piper Jaffray with “Neutral”. On Tuesday, April 26 the stock rating was maintained by Macquarie Research with “Neutral”.
According to Zacks Investment Research, “Bank of Hawaii Corporation is a regional financial services company serving businesses, consumers and governments in Hawaii, American Samoa and the West Pacific. The Company’s principal subsidiary, Bank of Hawaii, was founded in 1897 and is the largest independent financial institution in Hawaii.”
Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.14, from 1.25 in 2016Q1. The ratio worsened, as 11 funds sold all Bank of Hawaii Corporation shares owned while 85 reduced positions. 24 funds bought stakes while 83 increased positions. They now own 31.27 million shares or 4.49% less from 32.74 million shares in 2016Q1.
Renaissance Techs Limited Liability Com holds 0.01% of its portfolio in Bank of Hawaii Corporation (NYSE:BOH) for 83,300 shares. Cookson Peirce Company last reported 8,760 shares in the company. Tompkins Fincl holds 0% or 200 shares in its portfolio. Segall Bryant And Hamill Lc has 0.02% invested in the company for 10,598 shares. New York State Teachers Retirement Sys last reported 75,237 shares in the company. Balyasny Asset Management Ltd Liability Company holds 55,002 shares or 0.02% of its portfolio. Pub Employees Retirement Association Of Colorado accumulated 6,816 shares or 0% of the stock. Paradigm Asset Co Ltd Liability holds 0% or 9,890 shares in its portfolio. First National Bank holds 0.33% or 50,129 shares in its portfolio. Bbva Compass Bancshares accumulated 0.08% or 15,951 shares. Tdam Usa Inc holds 0.1% of its portfolio in Bank of Hawaii Corporation (NYSE:BOH) for 28,563 shares. Blackrock holds 39,332 shares or 0% of its portfolio. Principal Fincl Grp last reported 163,433 shares in the company. Hartford Fincl Management Incorporated reported 54 shares or 0% of all its holdings. Morgan Stanley holds 0% of its portfolio in Bank of Hawaii Corporation (NYSE:BOH) for 112,814 shares.
Insider Transactions: Since April 27, 2016, the stock had 0 insider buys, and 1 sale for $50,342 net activity. Shares for $50,342 were sold by TANABE BARBARA J.
More recent Bank of Hawaii Corporation (NYSE:BOH) news were published by: Businesswire.com which released: “Bank of Hawaii Corporation Second Quarter 2016 Financial Results” on July 25, 2016. Also Nasdaq.com published the news titled: “Bank of Hawaii Corporation (BOH) Ex-Dividend Date Scheduled for August 29, 2016” on August 26, 2016. Seekingalpha.com‘s news article titled: “Bank of Hawaii Corporation’s (BOH) CEO Peter Ho on Q1 2016 Results – Earnings …” with publication date: April 25, 2016 was also an interesting one.
BOH Company Profile
Bank of Hawaii Corporation, incorporated on February 4, 1998, is a bank holding firm that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to clients in Hawaii, Guam and other Pacific Islands. The Firm operates through four business divisions: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other. The Bank’s subsidiaries include Bank of Hawaii Leasing, Inc., Bankoh Investment Services, Inc. and Pacific Century Life Insurance Corporation. The Bank’s subsidiaries are engaged in equipment leasing, securities brokerage, investment services, and providing credit insurance. The Company’s total deposits include approximately $13.5 billion. The Company’s total carrying value of investment securities portfolio is approximately $6.2 billion. The Company’s total loans amount to approximately $7.9 billion.
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