Stock of the Day: Bank of Hawaii Corporation Just Reaches 52-Week High?

Stock of the Day: Bank of Hawaii Corporation Just Reaches 52 Week High?

The stock of Bank of Hawaii Corporation (NYSE:BOH) hit a new 52-week high and has $91.99 target or 23.00% above today’s $74.79 share price. The 7 months bullish chart indicates low risk for the $3.22 billion company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $91.99 price target is reached, the company will be worth $740.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 20,538 shares traded hands. Bank of Hawaii Corporation (NYSE:BOH) has risen 9.34% since March 30, 2016 and is uptrending. It has outperformed by 6.33% the S&P500.

Bank of Hawaii Corporation (NYSE:BOH) Ratings Coverage

Out of 8 analysts covering Bank of Hawaii (NYSE:BOH), 0 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 0 are positive. $73 is the highest target while $61 is the lowest. The $66.13 average target is -11.58% below today’s ($74.79) stock price. Bank of Hawaii has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Equal Weight” rating and $73 target price in Tuesday, October 25 report. The rating was maintained by Macquarie Research with “Neutral” on Tuesday, April 26. The rating was maintained by RBC Capital Markets on Tuesday, January 26 with “Sector Perform”. Piper Jaffray initiated Bank of Hawaii Corporation (NYSE:BOH) on Friday, July 8 with “Neutral” rating. The rating was initiated by Compass Point on Thursday, August 11 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 turned negative, 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.
First Savings Bank accumulated 50,129 shares or 0.33% of the stock. Signaturefd Ltd, a Georgia-based fund reported 143 shares. Macquarie Ltd has 0.15% invested in the company for 1.14 million shares. Moreover, State Of Tennessee Treasury Department has 0.01% invested in Bank of Hawaii Corporation (NYSE:BOH) for 39,600 shares. Sg Americas Securities Ltd Llc last reported 0.01% of its portfolio in the stock. Legal General Grp Inc Public Ltd Company last reported 22,388 shares in the company. Anchor Cap Advisors Limited Liability Co has 5,320 shares for 0.01% of their US portfolio. Fdx Advsrs Inc accumulated 7,406 shares or 0.02% of the stock. Moreover, Community National Bank & Trust Na has 0% invested in Bank of Hawaii Corporation (NYSE:BOH) for 100 shares. Calvert Invest last reported 0.01% of its portfolio in the stock. Rhumbline Advisers has 86,462 shares for 0.02% of their US portfolio. Ibm Retirement Fund holds 0.01% of its portfolio in Bank of Hawaii Corporation (NYSE:BOH) for 4,284 shares. Great West Life Assurance Can accumulated 3,806 shares or 0% of the stock. State Board Of Administration Of Florida Retirement Sys last reported 59,520 shares in the company. Pictet Asset Management accumulated 96,254 shares or 0.03% of the stock.

Another recent and important Bank of Hawaii Corporation (NYSE:BOH) news was published by Businesswire.com which published an article titled: “Bank of Hawaii Corporation Third Quarter 2016 Financial Results” on October 24, 2016.

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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