Stock Worth Mentioning: Will Bank of Hawaii Corporation Run Out of Steam Soon?

Stock Worth Mentioning: Will Bank of Hawaii Corporation Run Out of Steam Soon?

The stock of Bank of Hawaii Corporation (NYSE:BOH) reached all time high today, Nov, 14 and still has $108.86 target or 27.00% above today’s $85.72 share price. This indicates more upside for the $3.79 billion company. This technical setup was reported by Barchart.com. If the $108.86 PT is reached, the company will be worth $1.02B 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 197,117 shares traded hands. Bank of Hawaii Corporation (NYSE:BOH) has risen 28.07% since April 12, 2016 and is uptrending. It has outperformed by 23.08% 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 stock of Bank of Hawaii Corporation (NYSE:BOH) has “Equal Weight” rating given on Tuesday, October 25 by Barclays Capital. The firm earned “Neutral” rating on Tuesday, April 26 by Macquarie Research. Compass Point initiated the shares of BOH in a report on Thursday, August 11 with “Neutral” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, January 26. The firm earned “Neutral” rating 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 Q2 2016. Its down 0.14, from 1.25 in 2016Q1. The ratio is 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.
Wells Fargo & Mn accumulated 0.01% or 253,062 shares. New York State Teachers Retirement last reported 0.01% of its portfolio in the stock. Blackrock last reported 39,332 shares in the company. Ahl Prns Llp holds 0.02% of its portfolio in Bank of Hawaii Corporation (NYSE:BOH) for 5,130 shares. Assetmark accumulated 0% or 548 shares. First Republic Inv holds 0.08% of its portfolio in Bank of Hawaii Corporation (NYSE:BOH) for 117,317 shares. Moreover, Tarbox Group has 0% invested in Bank of Hawaii Corporation (NYSE:BOH) for 27 shares. Teachers Retirement Systems Of The State Of Kentucky holds 0.01% of its portfolio in Bank of Hawaii Corporation (NYSE:BOH) for 8,800 shares. Moreover, Ar Asset Mngmt has 0.43% invested in Bank of Hawaii Corporation (NYSE:BOH) for 15,000 shares. Franklin reported 6,000 shares or 0% of all its holdings. Federated Invsts Pa accumulated 25,475 shares or 0.01% of the stock. Babson Cap Management Limited Co holds 0.01% or 7,520 shares in its portfolio. Schroder Invest Grp accumulated 14,491 shares or 0% of the stock. The Massachusetts-based Panagora Asset Mngmt has invested 0.01% in Bank of Hawaii Corporation (NYSE:BOH). Neuberger Berman Grp Inc Ltd Limited Liability Company has 2.66 million shares for 0.25% of their US portfolio.

Insider Transactions: Since November 3, 2016, the stock had 0 insider buys, and 1 insider sale for $262,270 net activity. TANABE BARBARA J sold $262,270 worth of stock or 3,550 shares.

More recent Bank of Hawaii Corporation (NYSE:BOH) news were published by: Businesswire.com which released: “Bank of Hawaii Corporation to Present at the 2016 Bank of America Merrill …” on November 09, 2016. Also Businesswire.com published the news titled: “Bank of Hawaii Corporation Third Quarter 2016 Financial Results” on October 24, 2016. Equitiesfocus.com‘s news article titled: “Bank of Hawaii Corporation (NYSE:BOH) PEG Ratio At 2.29” with publication date: November 12, 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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