American Savings Bank of Hawaii (NYSE:ASBH) Stock Picked Up by Analysts at Stephens

Analysts at Stephens initiated coverage on shares of American Savings Bank of Hawaii (NYSE:ASBH) in a note issued to investors on Monday, MarketBeat reports. The brokerage set an “overweight” rating and a $21.00 price target on the stock. Stephens’ target price suggests a potential upside of 15.22% from the company’s previous close.

Several other research firms have also recently issued reports on ASBH. Piper Sandler initiated coverage on shares of American Savings Bank of Hawaii in a research report on Monday. They set an “overweight” rating and a $20.00 price objective for the company. DA Davidson initiated coverage on American Savings Bank of Hawaii in a report on Sunday. They issued a “buy” rating and a $20.00 target price on the stock. 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, 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 Stock Up 0.9%

Shares of NYSE:ASBH opened at $18.23 on Monday. 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.