Bank Of Hawaii: New Preferred Shares Offering 7.8% Yield

The Bank of Hawaii's low net interest margin combined with its soft buffer for loan losses are the primary reasons I am not advocating an investment in the bank's common shares. Investors seeking value should take notice that Bank of Hawaii's common shares are trading at 16 times earnings, which is expensive considering JPMorgan Chase is trading at 12 times earnings. The Series A preferred shares offer a dividend yield below most of the bank's peers. The Series B preferred shares offer an attractive 7.8% yi ...