This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Bank Dividends with Room to Rise

5. Bank of Hawaii

Shares of Bank of Hawaii (BOH - Get Report) of Honolulu closed at $47.68 Monday, down 2% from a year earlier. The shares have a dividend yield of 3.78%, based on a quarterly payout of 45 cents.

During the first quarter the company repurchased about 443,000 shares for $20.8 million and said that as of March 31, it was authorized to buy back another $43.1 million worth of common shares.

The company had $13 billion in total assets as of March 31, and has been one of the strongest and most consistent earnings performers among large U.S. banks through the credit crisis. Its first-quarter return on average assets of 1.31% was second-highest among this group of 10 bank holding companies, although it declined from 1.73% a year earlier.

First-quarter net income was $42.4 million, or 88 cents a share, declining from $52.7 million, or $1.09 a share, in the first quarter of 2010. Net interest income declined 7% from a year earlier to $99.7 million "as growth in commercial lending and residential mortgages were offset by continued declines in home equity, auto lending, and other consumer loans."

Noninterest income totaled $53.9 million for the first quarter, declining from $71.8 million a year earlier, mainly because the prior period included $20 million in gains on securities investments, which declined to $6.1 million in the first quarter. Service charges on deposit accounts declined to $9.9 million in the first quarter from $13.8 million a year earlier, from new rules that went into effect last July, requiring banks only to provide expensive overdraft protection on ATM and debit card transactions to customers who opt-in for the service.

After the first-quarter results were announced, Brett Rabatin of Sterne Agee reiterated his neutral rating on Bank of Hawaii, saying that the company's stock buyback appeared to be sustainable.

The shares trade for 14 times the consensus 2012 earnings estimate of $3.40 a share.

Out of 14 analysts covering Bank of Hawaii, four rate the shares a buy, nine have neutral ratings and the remaining analyst recommends selling the shares.
7 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CBU $37.89 0.00%
BOH $66.78 0.00%
CFR $77.50 0.00%
FFBC $17.80 0.00%
HCBK $10.00 0.00%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs