American Savings Bank of Hawaii (NYSE:ASBH) Stock Lifted to “Strong-Buy” by DA Davidson

DA Davidson upgraded shares of American Savings Bank of Hawaii (NYSE:ASBH) to a strong-buy rating in a report released on Sunday,Zacks reports.

ASBH has been the topic of several other research reports. Keefe, Bruyette & Woods began coverage on shares of American Savings Bank of Hawaii in a report on Monday. They issued a “market perform” rating and a $19.00 target price on the stock. Piper Sandler assumed coverage on shares of American Savings Bank of Hawaii in a research report on Monday. They set an “overweight” rating and a $20.00 target price for the company. Finally, Stephens began coverage on shares of American Savings Bank of Hawaii in a report on Monday. They set an “overweight” rating and a $21.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, American Savings Bank of Hawaii presently has a consensus rating of “Buy” and a consensus target price of $20.00.

American Savings Bank of Hawaii Trading Up 1.4%

NYSE ASBH opened at $18.08 on Friday. American Savings Bank of Hawaii has a 1 year low of $16.54 and a 1 year high of $19.25.

American Savings Bank of Hawaii Company Profile

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.