American Savings Bank of Hawaii (NYSE:ASBH) Price Target Raised to $22.00

American Savings Bank of Hawaii (NYSE:ASBH) had its price target boosted by analysts at Stephens from $21.00 to $22.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Stephens‘s price objective indicates a potential upside of 11.20% from the stock’s current price.

Other analysts have also recently issued research reports about the company. DA Davidson initiated coverage on American Savings Bank of Hawaii in a research report on Sunday, October 11th. They set a “buy” rating and a $20.00 target price for the company. Wall Street Zen raised American Savings Bank of Hawaii to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods assumed coverage on American Savings Bank of Hawaii in a research note on Monday, October 12th. They issued a “market perform” rating and a $19.00 price target for the company. Zacks Research raised shares of American Savings Bank of Hawaii to a “hold” rating in a report on Tuesday, October 13th. Finally, Piper Sandler increased their price objective on shares of American Savings Bank of Hawaii from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Savings Bank of Hawaii currently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

American Savings Bank of Hawaii Stock Up 2.1%

American Savings Bank of Hawaii stock traded up $0.41 during mid-day trading on Wednesday, hitting $19.79. The stock had a trading volume of 62,155 shares, compared to its average volume of 179,130. American Savings Bank of Hawaii has a one year low of $16.54 and a one year high of $20.05.

American Savings Bank of Hawaii (NYSE:ASBH) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $97.74 million for the quarter, compared to the consensus estimate of $97.10 million. On average, analysts anticipate that American Savings Bank of Hawaii will post 1.77 earnings per share for the current year.

American Savings Bank of Hawaii Company Profile

American Savings Bank of Hawaii was a Hawaii-based savings institution that provided banking and financial services to individuals, families and businesses. Its principal activities included accepting deposits, making residential and commercial loans, providing mortgage financing, and offering consumer banking products.

The bank served customers across the Hawaiian Islands through branch locations and other banking channels. Its products and services were focused on personal and business checking and savings accounts, home lending, consumer credit and commercial banking relationships.

American Savings Bank was historically associated with Hawaiian Electric Industries, Inc, which owned the institution for a period of its corporate history.