Could Bank of Hawaii Corporation (BOH) Increase Even More? The Stock Formed Double Top Pattern

June 14, 2018 - By Marry Poplack

Bank of Hawaii Corporation (NYSE:BOH) Logo

Investors sentiment increased to 1.17 in 2018 Q1. Its up 0.21, from 0.96 in 2017Q4. It improved, as 12 investors sold Bank of Hawaii Corporation shares while 81 reduced holdings. 34 funds opened positions while 75 raised stakes. 30.51 million shares or 2.78% less from 31.38 million shares in 2017Q4 were reported.
State Of Wisconsin Investment Board holds 0% or 8,452 shares. State Teachers Retirement System, New York-based fund reported 75,237 shares. Ameritas Investment Prns has 12,596 shares for 0.05% of their portfolio. Quantbot Tech L P reported 5,754 shares. Advisory Networks Ltd holds 0% or 64 shares. New Mexico Educational Retirement Board accumulated 0.04% or 11,700 shares. Dean Capital Mngmt owns 1.53% invested in Bank of Hawaii Corporation (NYSE:BOH) for 37,145 shares. 12,646 were accumulated by Ashfield Capital Prtnrs Ltd Liability. Stifel Financial owns 33,826 shares for 0.01% of their portfolio. Invesco Limited accumulated 0% or 111,618 shares. South Dakota Investment Council stated it has 10,400 shares. Baldwin Brothers Inc Ma has invested 0.08% in Bank of Hawaii Corporation (NYSE:BOH). Huntington Bancshares reported 0% stake. Massachusetts-based Anchor Capital Lc has invested 0.01% in Bank of Hawaii Corporation (NYSE:BOH). Ls Inv Advsr Ltd Liability holds 0.01% or 2,410 shares in its portfolio.

The chart of Bank of Hawaii Corporation (BOH) shows a double top with $88.28 target or 4.00 % above today’s $84.88 share price. The 9 months chart pattern indicates low risk for the $3.59 billion company. It was reported on Jun, 14 by If the $88.28 price target is reached, the company will be worth $143.52 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.75% or $0.64 during the last trading session, reaching $84.88. About 75,372 shares traded. Bank of Hawaii Corporation (NYSE:BOH) has risen 8.42% since June 14, 2017 and is uptrending. It has underperformed by 4.15% the S&P500.

Analysts await Bank of Hawaii Corporation (NYSE:BOH) to report earnings on July, 23. They expect $1.29 EPS, up 22.86 % or $0.24 from last year’s $1.05 per share. BOH’s profit will be $54.53 million for 16.45 P/E if the $1.29 EPS becomes a reality. After $1.28 actual EPS reported by Bank of Hawaii Corporation for the previous quarter, Wall Street now forecasts 0.78 % EPS growth.

Bank of Hawaii Corporation (NYSE:BOH) Ratings Coverage

Among 6 analysts covering Bank of Hawaii (NYSE:BOH), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Bank of Hawaii has $93.0 highest and $86 lowest target. $89.80’s average target is 5.80% above currents $84.88 stock price. Bank of Hawaii had 8 analyst reports since December 18, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Monday, January 8 by Jefferies. The stock has “Buy” rating by Compass Point on Monday, December 18. The rating was maintained by Keefe Bruyette & Woods on Monday, February 26 with “Hold”. The rating was maintained by Morgan Stanley on Friday, January 26 with “Underweight”. The rating was maintained by Jefferies on Monday, April 23 with “Hold”. The stock of Bank of Hawaii Corporation (NYSE:BOH) has “Hold” rating given on Thursday, March 29 by Sandler O’Neill. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Barclays Capital maintained it with “Hold” rating and $92.0 target in Tuesday, January 2 report.

Bank of Hawaii Corporation operates as the bank holding firm for Bank of Hawaii that provides financial services and products in Hawaii, Guam, and other Pacific Islands. The company has market cap of $3.59 billion. It operates through four divisions: Retail Banking, Commercial Banking, Investment Services and Private Banking, and Treasury and Other. It has a 19.6 P/E ratio. The Retail Banking segment offers financial services and products to clients and small businesses.

Bank of Hawaii Corporation (NYSE:BOH) Institutional Positions Chart

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