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Before 2010 ends, BOH should see >50.All the good news was baked into BOH price at 50; must be profit-taking; besides bank stocks aren't in vogue.Be satisfied with the divvy preventing BOH not to go lower than 35. Short-term, stock price can be all over the map. Buy more at lower prices; may go <40; I would not be surprised.GLTA
The institutional traders are selling because they don't see much upside to the stock price. They don't care about dividends.And BOH is grossly overpriced if you use tangible book value as the metric. Very few bank stocks trade for more than 2 times book value and BOH still trades at nearly 3 times book value.