Bank of Hawaii Update

As a follow-up to my earlier research recommendation of Bank of Hawaii there is news that three days afterward, on January 15th, Bank Director magazine ranked Bank of Hawaii as number 4 among the nation's top 150 banks. Bank Director says that,

"Honolulu-based Bank of Hawaii, No. 4 on the Scorecard, has $10.4 billion in assets, making it the largest in asset size of the top five financial institutions. Its impressive 23.24% ROAE is the highest of any large bank or thrift during the four-quarter analysis period. 'They are a much more traditional bank with a good mix of commercial and retail customers,' says Aaron Deer, a San Francisco-based research analyst at Sandler O’Neill, who follows western banks. 'They’re well rounded and they’ve avoided a lot of the pitfalls that many other banks have stepped into.'”

It is nice to know that we might be looking in the right places when it comes to investment opportunities in the banking industry. So far, BOH is up by 3.79% in 26 calendar days. Good luck on your investment research of this quality bank. Touc.