American Savings Bank of Hawaii (NYSE:ASBH) Issues Earnings Results

American Savings Bank of Hawaii (NYSE:ASBH) released its earnings results on Thursday. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01, Zacks reports. The firm had revenue of $97.74 million for the quarter, compared to analyst estimates of $97.10 million.

American Savings Bank of Hawaii Price Performance

ASBH traded down $0.71 on Friday, reaching $18.23. The company’s stock had a trading volume of 38,401 shares, compared to its average volume of 168,567. American Savings Bank of Hawaii has a 1 year low of $16.54 and a 1 year high of $19.98.

American Savings Bank of Hawaii Dividend Announcement

The company 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 of this dividend is Monday, November 9th.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASBH. Keefe, Bruyette & Woods initiated coverage on shares of American Savings Bank of Hawaii in a report on Monday, October 12th. They set a “market perform” rating and a $19.00 target price for the company. Piper Sandler initiated coverage on shares of American Savings Bank of Hawaii in a research note on Monday, October 12th. They set an “overweight” rating and a $20.00 price target on the stock. Zacks Research raised American Savings Bank of Hawaii to a “hold” rating in a research report on Tuesday, October 13th. DA Davidson began coverage on American Savings Bank of Hawaii in a report on Sunday, October 11th. They issued a “buy” rating and a $20.00 price target for the company. Finally, Stephens began coverage on American Savings Bank of Hawaii in a research report on Monday, October 12th. They issued an “overweight” rating and a $21.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $20.00.

American Savings Bank of Hawaii Company Profile

American Savings Bank of Hawaii was a Hawaii-based financial institution that provided retail and commercial banking services to individuals, families, businesses and organizations. Its offerings included deposit accounts, residential and commercial lending, consumer loans, business financing and related banking services.

The bank operated through a statewide network of branches and served customers throughout the Hawaiian Islands. It also provided mortgage banking and other financial services associated with homeownership and personal banking.

American Savings Bank of Hawaii was established in 1925 and became one of Hawaii’s longstanding banking institutions.