Bank Of Hawaii: New Preferred Shares Offering 7.8% Yield
Bank of Hawaii is a regional bank with branches outside of Hawaii, offering a new preferred share with a 7.8% yield. The bank has seen a decline in net interest income and net interest margin due to rising interest rates. Conservative loan and deposit growth management, along with potential risks related to loan concentration and uninsured deposits, are key factors to consider for investors.
New Preferred Stock And Exchange-Traded Debt IPOs, June 2024
Bank of Hawaii priced $165 million of new series B preferred stock with an 8% fixed dividend rate, trading on NYSE under the symbol BOH-B at $25.67. Brookfield Infrastructure priced $150 million of new subordinated notes with 7.25% fixed coupon, trading on NYSE under the symbol BIPJ. NewtekOne priced $71.875 million of new senior notes with an 8.5% fixed dividend rate, trading on Nasdaq under the symbol NEWTG above par value.
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Bank of Hawaii (BOH) Eyes Capital Raise Amid Bond Losses
Bank of Hawaii (BOH) is seeking capital through depositary shares. The bank suffers from significant 'unrealized' bond losses amid rising interest rates.
Bank of Hawaii: Cheap And With An Interesting Dividend Yield
Bank of Hawaii has a depressed valuation with a low LTM Price / TBV per share compared to its 10-year average. The bank has a stable deposit base with a high level of trust among its clients, but its non-diversified business model poses some risks. Reinvestment opportunities can lead to improved profitability, even if the loan portfolio remains stalled.
Why Is Bank of Hawaii (BOH) Up 1% Since Last Earnings Report?
Bank of Hawaii (BOH) reported earnings 30 days ago. What's next for the stock?
