-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下:在消化了2026年第一季財報後,我們將12個月目標價上調6美元至57美元,相當於我們2027年每股收益預期值的8.3倍,低於同業平均水平10.9倍,原因是增長前景疲軟抵消了夏威夷市場競爭有限帶來的優勢。我們將2026年每股盈餘預期從5.33美元上調至5.95美元,並將2027年每股盈餘預期從5.94美元上調至6.84美元。我們預測2026年和2027年營收分別為8.01億美元和8.58億美元。 BOH第一季業績顯示出正面的成長勢頭,淨利息收入連續第八個季度成長,信貸品質保持穩健。儘管有這些優勢,但鑑於基本面成長趨勢疲軟,我們認為該股估值過高。貸款餘額較去年同期持平,而存款在過去四年僅增加了1%。此外,儘管BOH維持強勁的資本水準(12.1%的CET1比率),但由於其證券投資組合中存在大量未實現損失,該行面臨長期利率上升帶來的異常脆弱性。我們注意到,自2021年年中以來,BOH的季度股息一直維持在0.70美元不變。
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