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Bank of Hawaii Corporation (BOH) is the largest financial institution in Hawaii, providing banking and other financial services across Hawaii and the broader Pacific region. If you’re short on time, here’s a quick answer to your question: The symbol for Bank of Hawaii Corporation stock on the New York Stock Exchange is BOH.
In this comprehensive article, we will dive deep into Bank of Hawaii Corporation, its business operations, financial performance and stock information. Specifically, we will look at what the BOH stock symbol stands for, the meaning behind it, and how investors can trade BOH stocks.
Overview of Bank of Hawaii Corporation
History and founding
Bank of Hawaii Corporation is a regional financial services company founded in 1897 in Honolulu, Hawaii. It started out as the First National Bank of Hawaii and operated as a small community bank for decades.
In the 1960s, the bank began expanding to neighbor islands in Hawaii and opened its first branch on the U.S. mainland in 1975. Over the years, Bank of Hawaii has grown through numerous mergers and acquisitions to become one of the leading financial institutions in the Pacific region.
Key business operations and geographic markets
Today, Bank of Hawaii Corporation’s primary subsidiary and core business is Bank of Hawaii which provides a wide range of financial products and services to consumers and businesses. Its key business lines include retail banking, commercial banking, private banking, and wealth management.
In addition to traditional banking services, Bank of Hawaii also provides trust services through its division – Hawaii Trust & Investment Services.
The bank has over 60 branches across Hawaii, Guam, Saipan, American Samoa, Palau and the U.S. mainland. As of 2022, it had total assets of $23.1 billion, loans of $13.2 billion, and deposits of $21.3 billion, making it one of the largest independent financial institutions headquartered in Hawaii.According to its investor relations website, over 80% of Hawaii’s population bank with Bank of Hawaii.
Recent financial performance and outlook
Despite economic uncertainties, Bank of Hawaii has delivered strong financial performance recently. In 2021, it achieved record net income of $298.3 million, up 67.7% from prior year. The stellar performance was attributed to higher net interest income, solid asset quality, and controlled expenses.
In 2022, net income dipped slightly to $289 million due to market volatility, but overall asset quality and capital levels remained healthy.
| Key Financial Metric | 2021 Result | 2022 Result |
| Net Income | $298.3 million | $289 million |
| Total Assets | $23.2 billion | $23.1 billion |
| Net Interest Margin | 2.67% | 2.90% |
Going forward, Bank of Hawaii aims to drive growth by deepening customer relationships, enhancing digital banking capabilities, and selectively pursuing strategic partnerships or acquisitions. While global headwinds persist, the bank’s strong foothold in Hawaii and the broader Pacific region should enable it to deliver steady performance over the long run.
BOH Stock Information
BOH stock price history and market capitalization
Bank of Hawaii Corporation (BOH) trades on the New York Stock Exchange under the ticker symbol “BOH”. As of December 2022, BOH shares were trading around $80 per share, giving the company a market capitalization of approximately $3.2 billion.
Over the past 5 years, BOH’s stock price has ranged from a low of around $57 per share in early 2020 during the initial COVID-19 market selloff to a high of nearly $95 per share in late 2021. More recently in 2022, the stock has traded between $70 and $85 per share.
BOH stock valuation and analyst recommendations
According to consensus analyst estimates, BOH stock currently trades at a forward price-to-earnings (P/E) ratio of around 14x and a price-to-book ratio of about 2.3x. This suggests the stock may be modestly undervalued relative to its projected earnings and book value.
Most analysts covering BOH stock maintain “Hold” or equivalent ratings. As of December 2022, the average analyst 12-month price target was around $90 per share, representing potential upside of roughly 15% from current levels.
Factors impacting BOH stock price
As a regional bank focused primarily on Hawaii, Guam, and Saipan, some key factors that tend to impact BOH’s stock price include:
- Local economic conditions and health of Hawaii tourism industry
- Interest rates and bank net interest margins
- Credit quality and provision for loan losses
- Efficiency and cost control measures
- Dividends and capital returns to shareholders – BOH stock offers an attractive dividend yield of around 3.5% currently
The BOH Stock Symbol
What BOH stands for
BOH is the stock ticker symbol for Bank of Hawaii Corporation on the New York Stock Exchange (NYSE). BOH stands for Bank of Hawaiʻi, which is the largest financial institution in the state of Hawaii.
Where BOH trades and stock ticker
As mentioned, BOH stock trades on the New York Stock Exchange under the ticker symbol “BOH”. This allows investors to easily find and trade shares of Bank of Hawaii Corporation on most online brokerages and financial platforms.
How investors can trade BOH stocks
There are a few simple ways investors can trade BOH stocks:
- Online brokerage accounts – Open a brokerage account with companies like Fidelity, E*Trade or Charles Schwab. Then search for “BOH” to find Bank of Hawaii stock and place trade orders.
- Traditional brokerage firms – Contact a full-service brokerage company to have a licensed stockbroker execute trades on your behalf, for a fee.
- Robo-advisors – Some automated digital platforms like Betterment and Wealthfront allow users to include stocks and ETFs in their portfolios. BOH could be purchased this way.
Conclusion
In summary, BOH is the 3-letter ticker symbol for Bank of Hawaii Corporation common stock trading on the New York Stock Exchange. It aptly captures the name of this leading bank in Hawaii, providing investors an easy way to look up and trade the stock.
For over 60 years, Bank of Hawaii has steadily built its business in Hawaii and across the Pacific. As the largest and oldest bank in the state, it continues to deliver solid returns to shareholders. We hope this outline has provided a comprehensive overview of Bank of Hawaii’s business, stock performance and symbol for interested investors.
