Bank Of Hawaii Corporation (BOH): Today's Featured Banking Winner

Bank of Hawaii Corporation ( BOH) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.3%. By the end of trading, Bank of Hawaii Corporation rose 57 cents (1.2%) to $49.50 on heavy volume. Throughout the day, 711,519 shares of Bank of Hawaii Corporation exchanged hands as compared to its average daily volume of 457,100 shares. The stock ranged in a price between $48.64-$49.61 after having opened the day at $48.72 as compared to the previous trading day's close of $48.93. Other companies within the Banking industry that increased today were: Central Federal ( CFBK), up 19.3%, Galicia Financial Group ( GGAL), up 12%, Stewardship Financial Corporation ( SSFN), up 11.8%, and Royal Bancshares of Pennsylvania ( RBPAA), up 11%.

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. Bank of Hawaii Corporation has a market cap of $2.21 billion and is part of the financial sector. The company has a P/E ratio of 14, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 10% year to date as of the close of trading on Monday. Currently there are two analysts that rate Bank of Hawaii Corporation a buy, three analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Bank of Hawaii Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, growth in earnings per share, 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.

On the negative front, OptimumBank Holdings ( OPHC), down 24%, Ohio Legacy Corporation ( OLCB), down 11.8%, National Bank of Greece ( NBG), down 9.1%, and Community West ( CWBC), down 8.7%, were all losers within the banking industry with Wells Fargo ( WFC) being today's banking industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

null

More from Markets

The Winners and Losers in Thursday's Market

The Winners and Losers in Thursday's Market

Stocks Tumble as Dow Heads for Eighth Straight Drop

Stocks Tumble as Dow Heads for Eighth Straight Drop

Online Retailers Hit by Supreme Court Ruling Requiring Sales Tax Collection

Online Retailers Hit by Supreme Court Ruling Requiring Sales Tax Collection

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers