Adversity is less terrifying than hope: Bank of Hawaii Corporation (BOH)

Bank of Hawaii Corporation (NYSE: BOH) stock fell -4.38% on Monday to $75.08 against a previous-day closing price of $78.52. With 0.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.17 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $79.44 whereas the lowest price it dropped to was $74.96. The 52-week range on BOH shows that it touched its highest point at $89.44 and its lowest point at $70.15 during that stretch. It currently has a 1-year price target of $78.17. With its current market cap of 2.94 billion, BOH has annualized dividend of $2.80 while the current yield stands at 3.73%. Beta for the stock currently stands at 1.02.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BOH was down-trending over the past week, with a drop of -6.85%, but this was down by -0.09% over a month. Three-month performance dropped to -1.18% while six-month performance fell -2.43%. The stock lost -14.98% in the past year, while it has lost -3.20% so far this year. A look at the trailing 12-month EPS for BOH yields 5.53 with Next year EPS estimates of 5.66. For the next quarter, that number is 1.42. This implies an EPS growth rate of 62.10% for this year and 4.84% for next year. EPS is expected to grow by 9.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.10%.

Float and Shares Shorts:

At present, 39.57 million BOH shares are outstanding with a float of 39.24 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.97 million, which was 4.89% higher than short shares on Sep 14, 2022. In addition to Mr. Peter S. Ho as the firm’s Chairman, Pres & CEO, Mr. Dean Y. Shigemura serves as its Vice Chair, CFO, Treasurer & Principal Accounting Officer.

Institutional Ownership:

Through their ownership of 77.54% of BOH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.62% of BOH, in contrast to 30.12% held by mutual funds. Shares owned by individuals account for 3.92%. As the largest shareholder in BOH with 9.95% of the stake, The Vanguard Group, Inc. holds 4,017,630 shares worth 4,017,630. A second-largest stockholder of BOH, BlackRock Fund Advisors, holds 3,333,331 shares, controlling over 8.25% of the firm’s shares. Kayne Anderson Rudnick Investment is the third largest shareholder in BOH, holding 2,657,824 shares or 6.58% stake. With a 3.98% stake in BOH, the Neuberger Berman Genesis Fund is the largest stakeholder. A total of 1,607,972 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.06% of BOH stock, is the second-largest Mutual Fund holder. It holds 1,234,475 shares valued at 95.75 million. Victory Sycamore Small Company Op holds 3.05% of the stake in BOH, owning 1,230,300 shares worth 95.42 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BOH since 7 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BOH analysts setting a high price target of $86.00 and a low target of $71.00, the average target price over the next 12 months is $77.50. Based on these targets, BOH could surge 14.54% to reach the target high and fall by -5.43% to reach the target low. Reaching the average price target will result in a growth of 3.22% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BOH will report FY 2023 earnings on 01/22/2024. Analysts have provided yearly estimates in a range of $6.05 being high and $4.80 being low. For BOH, this leads to a yearly average estimate of $5.39. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Bank of Hawaii Corporation surprised analysts by $0.08 when it reported $1.50 EPS against a consensus estimate of $1.42. The surprise factor in the prior quarter was -$0.14. Based on analyst estimates, the high estimate for the next quarter is $1.42 and the low estimate is $1.10. The average estimate for the next quarter is thus $1.27.

Summary of Insider Activity:

Insiders traded BOH stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 5,500 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 53,769 while 52,512 shares were sold.

Leave a Comment

Your email address will not be published. Required fields are marked *