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Bank of Hawaii Corporation (NYSE: BOH) Has Slid Negatively For The Year To Date, Predicting What Will Happen Next

Bank of Hawaii Corporation (NYSE:BOH)’s traded shares stood at 2.34 million during the last session, with the company’s beta value hitting 1.03. At the close of trading, the stock’s price was $52.68, to imply an increase of 10.67% or $5.08 in intraday trading. The BOH share’s 52-week high remains $87.27, putting it -65.66% down since that peak but still an impressive 34.11% since price per share fell to its 52-week low of $34.71. The company has a valuation of $2.23B, with an average of 1.06 million shares in intraday trading volume over the past 10 days and average of 310.36K shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for Bank of Hawaii Corporation (BOH), translating to a mean rating of 3.30. Of 7 analyst(s) looking at the stock, 0 analyst(s) give BOH a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 0 recommend it as a Buy. 2 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $1.22.

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Bank of Hawaii Corporation (NYSE:BOH) trade information

After registering a 10.67% upside in the last session, Bank of Hawaii Corporation (BOH) has traded red over the past five days. The stock hit a weekly high of 65.16 this Thursday, 03/16/23, jumping 10.67% in its intraday price action. The 5-day price performance for the stock is -21.99%, and -31.37% over 30 days. With these gigs, the year-to-date price performance is -32.08%. Short interest in Bank of Hawaii Corporation (NYSE:BOH) saw shorts transact 3.07 million shares and set a 18.45 days time to cover.

Bank of Hawaii Corporation (BOH) estimates and forecasts

Looking at statistics comparing Bank of Hawaii Corporation share performance against respective industry, we note that the company has underperformed competitors. Bank of Hawaii Corporation (BOH) shares are -33.24% down over the last 6 months, with its year-to-date growth rate lower than industry average at -9.31% against 4.10%. Revenue is forecast to shrink -7.60% this quarter before falling -7.20% for the next one. The rating firms project that company’s revenue will grow 3.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $179.83 million. Meanwhile, for the quarter ending Jun 2023, a total of 4 analyst(s) estimate revenue growth to $180.27 million.Earnings reports from the last fiscal year show that sales brought in $168.81 million and $175.06 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.50% before jumping 3.00% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 4.40% for the past 5-year period. While 2023 is set for a -12.40% return in earnings, projections for the next 5 years are at 9.00% annually.

BOH Dividends

Bank of Hawaii Corporation has its next earnings report out between April 24 and April 28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Bank of Hawaii Corporation has a forward dividend ratio of 2.80, with the share yield ticking at 5.32% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Bank of Hawaii Corporation (NYSE:BOH)’s Major holders

Bank of Hawaii Corporation insiders hold 1.94% of total outstanding shares, with institutional holders owning 78.45% of the shares at 80.00% float percentage. In total, 78.45% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 3.98 million shares (or 9.94% of shares), all amounting to roughly $302.77 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 3.77 million shares, or about 9.42% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $286.78 million.

We also have Neuberger & Berman Genesis Fund and iShares Core S&P Midcap ETF as the top two Mutual Funds with the largest holdings of the Bank of Hawaii Corporation (BOH) shares. Going by data provided on Dec 30, 2022, Neuberger & Berman Genesis Fund holds roughly 1.58 million shares. This is just over 3.95% of the total shares, with a market valuation of $122.69 million. Data from the same date shows that the other fund manager holds a little less at 1.24 million, or 3.09% of the shares, all valued at about 95.8 million.

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