The Vanguard Group, Inc. recently announced the acquisition of new stake in Bank of Hawaii Corporation (NYSE:BOH). The institutional investor has increased its shareholding in the Financial company by 2.29% to 4.02 million shares with purchase of 89791.0 shares. This fresh investment now brings its stake to 9.95% valued currently at $311.61 million. In addition, Charles Schwab Investment Managem raised its holdings by 74635.0 to 0.9 million shares.
With over 0.14 million Bank of Hawaii Corporation (BOH) shares trading Friday and a closing price of $78.52 on the day, the dollar volume was approximately $11.17 million. The shares have shown a positive half year performance of 2.08% and its price on 01/20/23 gained nearly 2.32%. Currently, there are 39.57M common shares owned by the public and among those 39.24M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for BOH have a consensus price objective of $78.17. The analysts have set the share’s price value over the next 12 months at a high of $87.00 and a low of $71.00. The average price target is -0.45% below its recent price level and a downside to the estimated low will see the stock lose -10.59% over that period. But an upside of 9.75% will see the stock hit the forecast high price target while median target price for the stock is $76.50.
Insiders at the company have transacted a total of 30 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 53,769 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 52,512 shares.
The top 3 mutual fund holders in Bank of Hawaii Corporation are Neuberger Berman Genesis Fund, iShares Core S&P Mid Cap ETF, and Victory Sycamore Small Company Op. Neuberger Berman Genesis Fund owns 1.61 million shares of the company’s stock, all valued at over $124.71 million. The company sold 12029.0 shares recently to bring their total holdings to about 3.98% of the shares outstanding. iShares Core S&P Mid Cap ETF sold 235.0 shares to see its total holdings shrink to 1.23 million shares valued at over $95.75 million and representing 3.06% of the shares outstanding. Victory Sycamore Small Company Op now owns shares totaling to 3.05% of the shares outstanding.
Shares of Bank of Hawaii Corporation (NYSE: BOH) opened at $76.80, up $0.06 from a prior closing price of $76.74. However, the script later moved the day high at 78.52, up 2.32%. The company’s stock has a 5-day price change of -2.82% and 0.59% over the past three months. BOH shares are trading 1.24% year to date (YTD), with the 12-month market performance down to -12.24% lower. It has a 12-month low price of $70.15 and touched a high of $90.47 over the same period. BOH has an average intraday trading volume of 174.90K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.47%, 0.02%, and 0.95% respectively.
Institutional ownership of Bank of Hawaii Corporation (NYSE: BOH) shares accounts for 77.00% of the company’s 39.57M shares outstanding. Mutual fund holders own 30.12%, while other institutional holders and individual stakeholders account for 45.62% and 3.92% respectively.
It has a market capitalization of $3.07B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 14.20, while the earnings-per-share (ttm) stands at $5.53. The company has a PEG of 1.58 and the debt-to-equity ratio at 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.30% over the week and 1.83% over the month.
Analysts forecast that Bank of Hawaii Corporation (BOH) will achieve an EPS of $1.42 for the current quarter, $1.34 for the next quarter and $5.69 for 2023. The lowest estimate earnings-per-share for the quarter is $1.38 while analysts give the company a high EPS estimate of $1.47. Comparatively, EPS for the current quarter was $1.55 a year ago. Earnings per share for the fiscal year are expected to increase by 62.10%, and 4.84% over the next financial year. EPS should grow at an annualized rate of 9.00% over the next five years, compared to 8.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Bank of Hawaii Corporation (BOH) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 5 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
Compass Point coverage for the Bank of Hawaii Corporation (BOH) stock in a research note released on April 21, 2020 offered a Buy rating with a price target of $68. Barclays on their part issued Equal Weight rating on July 25, 2017.