American Savings Bank of Hawaii (NYSE:ASBH) Stock Has Average Target Price of $20.00

American Savings Bank of Hawaii (NYSE:ASBH) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $20.50.

A number of research analysts have weighed in on ASBH shares. Keefe, Bruyette & Woods initiated coverage on shares of American Savings Bank of Hawaii in a research report on Monday, October 12th. They set a “market perform” rating and a $19.00 target price for the company. Stephens upped their price objective on shares of American Savings Bank of Hawaii from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday. DA Davidson initiated coverage on American Savings Bank of Hawaii in a report on Sunday, October 11th. They set a “buy” rating and a $20.00 price target for the company. Zacks Research raised American Savings Bank of Hawaii to a “hold” rating in a report on Tuesday, October 13th. Finally, Piper Sandler lifted their price target on American Savings Bank of Hawaii from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday.

American Savings Bank of Hawaii Trading Up 3.2%

Shares of ASBH opened at $20.00 on Friday. American Savings Bank of Hawaii has a 12 month low of $16.54 and a 12 month high of $20.05.

American Savings Bank of Hawaii (NYSE:ASBH) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $97.74 million during the quarter, compared to analyst estimates of $97.10 million. As a group, equities research analysts forecast that American Savings Bank of Hawaii will post 1.77 earnings per share for the current year.

American Savings Bank of Hawaii Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 20th. Shareholders of record on Monday, November 9th will be given a $0.27 dividend. The ex-dividend date is Monday, November 9th.

About American Savings Bank of Hawaii

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.