The stock of Bank of Hawaii Corporation (NYSE:BOH) reached all time high today, Nov, 7 and still has $122.73 target or 62.00% above today’s $75.76 share price. This indicates more upside for the $3.23B company. This technical setup was reported by Barchart.com. If the $122.73 PT is reached, the company will be worth $2.00 billion 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 22,674 shares traded hands. Bank of Hawaii Corporation (NYSE:BOH) has risen 11.26% since April 5, 2016 and is uptrending. It has outperformed by 9.31% 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. Bank of Hawaii has been the topic of 11 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, April 26 by Macquarie Research. As per Thursday, August 11, the company rating was initiated by Compass Point. RBC Capital Markets maintained Bank of Hawaii Corporation (NYSE:BOH) on Tuesday, January 26 with “Sector Perform” rating. The stock of Bank of Hawaii Corporation (NYSE:BOH) has “Equal Weight” rating given on Tuesday, October 25 by Barclays Capital. The company was initiated on Friday, July 8 by Piper Jaffray.
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 dropped, 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.
Pillar Pacific Cap Limited Co last reported 0.05% of its portfolio in the stock. Aperio Grp Limited Liability Corp, a California-based fund reported 107,317 shares. Anchor Cap Advsrs Ltd Limited Liability Company, a Massachusetts-based fund reported 5,320 shares. Tarbox Group Inc reported 27 shares or 0% of all its holdings. Northern Trust has invested 0.01% of its portfolio in Bank of Hawaii Corporation (NYSE:BOH). North Star Inv Mgmt accumulated 0.07% or 5,250 shares. California State Teachers Retirement, a California-based fund reported 92,262 shares. 1St Glob Advsrs Inc owns 3,650 shares or 0.03% of their US portfolio. Manufacturers Life Com The accumulated 76,373 shares or 0.01% of the stock. The New York-based Sg Americas Ltd Liability Corporation has invested 0.01% in Bank of Hawaii Corporation (NYSE:BOH). Apriem has 808 shares for 0.02% of their US portfolio. Aft Forsyth & Sober last reported 0.6% of its portfolio in the stock. Independent Portfolio Consultants Incorporated last reported 0.07% of its portfolio in the stock. Banque Pictet & Cie Sa accumulated 0.05% or 27,830 shares. Orrstown Financial last reported 0% of its portfolio in the stock.
Insider Transactions: Since November 3, 2016, the stock had 0 buys, and 1 insider sale for $262,270 net activity. TANABE BARBARA J sold $262,270 worth of Bank of Hawaii Corporation (NYSE:BOH) on Thursday, November 3.
More news for Bank of Hawaii Corporation (NYSE:BOH) were recently published by: Businesswire.com, which released: “Bank of Hawaii Corporation Third Quarter 2016 Financial Results” on October 24, 2016. Bizjournals.com‘s article titled: “Bank of Hawaii releases Q3 earnings report” and published on October 24, 2016 is yet another important article.
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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