American Savings Bank of Hawaii (NYSE:ASBH) Stock Has Consensus Price Target of $20.00 According to Analysts

American Savings Bank of Hawaii (NYSE:ASBH) has earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.25.

Several analysts have commented on the company. Keefe, Bruyette & Woods began coverage on American Savings Bank of Hawaii in a research note on Monday, October 12th. They set a “market perform” rating and a $19.00 target price on the stock. Piper Sandler boosted their price target on American Savings Bank of Hawaii from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday. Stephens started coverage on American Savings Bank of Hawaii in a report on Monday, October 12th. They set an “overweight” rating and a $21.00 price target on the stock. Wall Street Zen raised American Savings Bank of Hawaii to a “hold” rating in a research report on Saturday. Finally, Zacks Research raised American Savings Bank of Hawaii to a “hold” rating in a research report on Tuesday, October 13th.

American Savings Bank of Hawaii Stock Performance

NYSE:ASBH opened at $19.50 on Friday. American Savings Bank of Hawaii has a one year low of $16.54 and a one year high of $19.98.

American Savings Bank of Hawaii (NYSE:ASBH) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $97.74 million during the quarter, compared to analysts’ expectations of $97.10 million. On average, sell-side analysts forecast that American Savings Bank of Hawaii will post 1.75 earnings per share for the current fiscal year.

American Savings Bank of Hawaii Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, November 20th. Stockholders of record on Monday, November 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, November 9th.

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.