Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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In its most recent quarter, the bank reported earnings per share that came in ahead of Wall Street consensus. The analysts wrote, "We think shares of BOH deserve to trade at a premium to peers given its recent healthy loan growth, strong profitability, healthy dividend yield (2.8 percent), and the momentum in Hawaii's economy."
For the company's fiscal second quarter, BOH reported EPS of $1.03 versus consensus estimates of $0.93. Although Barclays' analysts are positive on the name, they maintain their Equal-Weight rating and wrote that at current levels, they consider the stock fully-valued.
They added, "We look to become more constructive on BOH on a valuation pullback or after obtaining greater conviction it is poised for a sustained acceleration in its core EPS growth rate."
The firm has a $66.00 price target on the stock, which was recently seen trading above $70.00. Year-to-date, the shares have climbed around 12 percent.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.