American Savings Bank of Hawaii (NYSE:ASBH) Stock Picked Up by Analysts at Keefe, Bruyette & Woods

Research analysts at Keefe, Bruyette & Woods initiated coverage on shares of American Savings Bank of Hawaii (NYSE:ASBH) in a research report issued on Monday, MarketBeat reports. The brokerage set a “market perform” rating and a $19.00 price target on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 4.25% from the stock’s previous close.

Several other research analysts have also recently issued reports on ASBH. DA Davidson assumed coverage on American Savings Bank of Hawaii in a research report on Sunday. They issued a “buy” rating and a $20.00 price objective for the company. 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 target price on the stock. Finally, Stephens started coverage on shares of American Savings Bank of Hawaii in a research report on Monday. They set an “overweight” rating and a $21.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $20.00.

American Savings Bank of Hawaii Price Performance

Shares of ASBH stock opened at $18.23 on Monday. American Savings Bank of Hawaii has a 12-month low of $16.54 and a 12-month high of $19.25.

About American Savings Bank of Hawaii

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.