Bank Of Hawaii Stock Hits New 52-Week High (BOH)

NEW YORK ( TheStreet) -- Bank of Hawaii Corporation (NYSE: BOH) hit a new 52-week high Wednesday as it is currently trading at $49.54, above its previous 52-week high of $49.26 with 36,918 shares traded as of 9:50 a.m. ET. Average volume has been 451,000 shares over the past 30 days.

Bank of Hawaii has a market cap of $2.21 billion and is part of the financial sector and banking industry. Shares are up 9.8% year to date as of the close of trading on Tuesday.

Bank of Hawaii Corporation operates as the holding company for Bank of Hawaii that provides a range of financial services and products in Hawaii, Guam, and other Pacific Islands. The company operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury. The company has a P/E ratio of 13.9, below the average banking industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Bank of Hawaii as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Bank of Hawaii Ratings Report.

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