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The Time Is Right To Purchase Bank of Hawaii Corporation (NYSE: BOH)

During the recent session, Bank of Hawaii Corporation (NYSE:BOH)’s traded shares were 0.92 million, with the beta value of the company hitting 0.99. At the last check today, the stock’s price was $38.92, reflecting an intraday loss of -1.59% or -$0.63. The 52-week high for the BOH share is $85.45, that puts it down -119.55 from that peak though still a striking 20.79% gain since the share price plummeted to a 52-week low of $30.83. The company’s market capitalization is $1.61B, and the average intraday trading volume over the past 10 days was 1.62 million shares, and the average trade volume was 983.77K shares over the past three months.

Bank of Hawaii Corporation (BOH) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.30. BOH has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 2 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.12.

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Bank of Hawaii Corporation (NYSE:BOH) trade information

Bank of Hawaii Corporation (BOH) registered a -1.59% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.59% in intraday trading to $38.92 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is 3.10%, and it has moved by -17.30% in 30 days. Based on these gigs, the overall price performance for the year is -49.87%. The short interest in Bank of Hawaii Corporation (NYSE:BOH) is 7.11 million shares and it means that shorts have 6.03 day(s) to cover.

The consensus price target of analysts on Wall Street is $52.40, which implies an increase of 25.73% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $49.00 and $60.00 respectively. As a result, BOH is trading at a discount of -54.16% off the target high and -25.9% off the low.

Bank of Hawaii Corporation (BOH) estimates and forecasts

Statistics show that Bank of Hawaii Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Bank of Hawaii Corporation (BOH) shares have gone down -52.29% during the last six months, with a year-to-date growth rate less than the industry average at -21.72% against -7.80. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -18.80% this quarter and then drop -18.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.30% compared to the previous financial year.

Revenue for the current quarter is expected to be $170.54 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $169.49 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $175.06 million and $183.01 million respectively. In this case, analysts expect current quarter sales to shrink by -2.60% and then drop by -7.40% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.40%. While earnings are projected to return -12.40% in 2023, the next five years will return 9.00% per annum.

BOH Dividends

Bank of Hawaii Corporation is due to release its next quarterly earnings between July 24 and July 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Bank of Hawaii Corporation is 2.80, with the dividend yield indicating at 7.08 percent, continuing the trend of increasing dividends in recent years.

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

Bank of Hawaii Corporation insiders own 1.87% of total outstanding shares while institutional holders control 77.83%, with the float percentage being 79.31%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 390 institutions own stock in it. As of Mar 30, 2023, the company held over 4.08 million shares (or 10.29% of all shares), a total value of $159.71 million in shares.

The next largest institutional holding, with 3.78 million shares, is of Blackrock Inc.’s that is approximately 9.53% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $147.92 million.

Also, the Mutual Funds coming in first place with the largest holdings of Bank of Hawaii Corporation (BOH) shares are Neuberger & Berman Genesis Fund and Victory Portfolios-Sycamore Small Company Opportunity Fund. Data provided on Mar 30, 2023 indicates that Neuberger & Berman Genesis Fund owns about 1.55 million shares. This amounts to just over 3.90 percent of the company’s overall shares, with a $60.82 million market value. The same data shows that the other fund manager holds slightly less at 1.27 million, or about 3.20% of the stock, which is worth about $49.93 million.

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