Recent Insider Activity Suggests Potential Gains for Bank of Hawaii Corporation (BOH)


In a filing, Bank of Hawaii Corporation revealed its Director WO ROBERT W JR acquired Company’s shares for reported $0.26 million on Jun 01. In the deal valued at $39.85 per share,6,500 shares were bought. As a result of this transaction, WO ROBERT W JR now holds 42,539 shares worth roughly $ 2.35 million.

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Then, Lucien Kent Thomas bought 1,000 shares, generating $32,290 in total proceeds. Upon buying the shares at $32.29, the Director now owns 5,500 shares.

Before that, Nichols Victor K bought 2,150 shares. Bank of Hawaii Corporation shares valued at $100,405 were divested by the Director at a price of $46.70 per share. As a result of the transaction, Nichols Victor K now holds 15,137 shares, worth roughly $0.83 million.

Keefe Bruyette downgraded its Bank of Hawaii Corporation [BOH] rating to an Underperform from a a Mkt perform in a research note published on Friday. PT values the company’s stock at a premium of -17.32 to its Friday closing price.

Price Performance Review of BOH

On Friday, Bank of Hawaii Corporation [NYSE:BOH] saw its stock jump 2.61% to $55.14. On the same session, the stock had its day’s lowest price of $54.08, but rose to a high of $55.70. Over the last five days, the stock has gained 6.00%. Bank of Hawaii Corporation shares have fallen nearly -28.91% since the year began. Nevertheless, the stocks have fallen -29.33% over the past one year. While a 52-week high of $82.87 was reached on 01/12/23, a 52-week low of $30.83 was recorded on 05/12/23. SMA at 50 days reached $50.98, while 200 days put it at $59.49. A total of 0.32 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For BOH Stock

The 24-hour chart illustrates a support level at 54.25, which if violated will result in even more drops to 53.35. On the upside, there is a resistance level at 55.87. A further resistance level may holdings at 56.59. The Relative Strength Index (RSI) on the 14-day chart is 56.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.58%. Stochastics %K at 60.00% indicates the stock is a holding.

How much short interest is there in Bank of Hawaii Corporation?

A steep rise in short interest was recorded in Bank of Hawaii Corporation stocks on Aug 14, 2023, dropping by -1.04 million shares to a total of 8.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.23 million shares. There was a decline of -12.7%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 23.51% of the overall stock float, the days-to-cover ratio (short ratio) fell to 10.47.

Bank of Hawaii Corporation [BOH] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,906,440 shares, or roughly 12.35% of the outstanding BOH shares. In other words, the investor’s shares have risen by 1,502,061 from its previous 13-F filing of 3404379.0. Additionally, The Vanguard Group, Inc. increased 11.55% of its stake after which the total value it holdings stand at $256,406,296, while SSgA Funds Management, Inc. added 101.18% of its stake to hold $176.77 million in the firm. Over the last quarter, Kayne Anderson Rudnick Investment sold -297,498 shares of Bank of Hawaii Corporation, while Victory Capital Management, Inc. sold -395,305 shares. At present, Neuberger Berman Investment Advis is holding 1,742,275 shares valued at $99.54 million. Charles Schwab Investment Managem owned 1,078,580 shares of the company at the time of its most recent 13F filing, worth $61.62 million.

According to FactSet, Bank of Hawaii Corporation’s share price will average $47.33 in the next year, based on opinions of analysts polled by the firm. This is down nearly -11.61 percent from its previous closing price of $53.74. Analysts expect Bank of Hawaii Corporation stock to reach the higher price of $60.00, while the lowest price estimate is $31.00. However, 7 analysts have rated BOH stock as an Underweight in their predictions for 2023.


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