This bank stock is trading at twice book value, which is an outrage in an of itself. Hawaii has some of the most overpriced bubble real estate in the world. Gee, can you connect the dots sparky?
Well, someone who lives in Bermuda should be able to recognize overpriced real estate.PS How are those Uighurs we sent you working out??
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.
This: Jan 25 (Reuters) - Bank of Hawaii Corp (BOH.N) posted a fourth-quarter profit that beat Wall Street estimates, propped up by a gain on the sale of investment securities.However, at least one analyst said the gain was non-recurring and that the bank holding company's lower margins could affect earnings in 2010.The bank's net interest margin --the difference between what the bank earns on loans and pays on deposits-- stood at 3.57 percent, down 86 basis points from last year.Net interest income fell to $103.5 million from $105.8 million.
looks like its slowly recoveringinsiders bought at 45 and did not sell it yetwe are heading higher