American Savings Bank of Hawaii (NYSE:ASBH) Stock Bumped Up to “Strong-Buy” by Piper Sandler

American Savings Bank of Hawaii (NYSE:ASBH) was upgraded by Piper Sandler to a “strong-buy” rating in a research report issued to clients and investors on Sunday, Zacks reports.

A number of other brokerages also recently weighed in on ASBH. Stephens initiated coverage on shares of American Savings Bank of Hawaii in a report on Monday. They issued an “overweight” rating and a $21.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on shares of American Savings Bank of Hawaii in a research note on Monday. They set a “market perform” rating and a $19.00 price target on the stock. Finally, DA Davidson started coverage on shares of American Savings Bank of Hawaii in a research report on Sunday. They set a “buy” rating and a $20.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $20.00.

American Savings Bank of Hawaii Trading Up 0.9%

Shares of NYSE:ASBH opened at $18.23 on Friday. American Savings Bank of Hawaii has a 52-week low of $16.54 and a 52-week 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.