American Savings Bank of Hawaii (NYSE:ASBH) Sees Large Growth in Short Interest

American Savings Bank of Hawaii (NYSE:ASBH) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 125,114 shares. Based on an average trading volume of 354,650 shares, the short-interest ratio is currently 0.4 days.

American Savings Bank of Hawaii Price Performance

NYSE:ASBH traded up $0.04 on Wednesday, hitting $18.18. The stock had a trading volume of 97,431 shares, compared to its average volume of 161,939. American Savings Bank of Hawaii has a 52-week low of $16.54 and a 52-week high of $19.25.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Piper Sandler assumed coverage on shares of American Savings Bank of Hawaii in a report on Monday. They issued an “overweight” rating and a $20.00 price target on the stock. DA Davidson initiated coverage on shares of American Savings Bank of Hawaii in a research report on Sunday. They set a “buy” rating and a $20.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on shares of American Savings Bank of Hawaii in a research report on Monday. They set a “market perform” rating and a $19.00 price target on the stock. Finally, Stephens initiated coverage on American Savings Bank of Hawaii in a research report on Monday. They issued an “overweight” rating and a $21.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $20.00.

About American Savings Bank of Hawaii

American Savings Bank of Hawaii, historically traded on the New York Stock Exchange under the symbol ASBH, was a Hawaii-based savings bank serving individuals, families, businesses and government-related organizations. The bank operated as American Savings Bank, F.S.B., and became a subsidiary of Hawaiian Electric Industries, Inc through a transaction completed in the late 1990s.

The bank’s principal activities included consumer and commercial deposit accounts, residential and commercial real estate lending, home equity financing, business loans and mortgage banking.