American Savings Bank of Hawaii (NYSE:ASBH) Stock Moved Up to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of American Savings Bank of Hawaii (NYSE:ASBH) to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

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

American Savings Bank of Hawaii Trading Down 2.8%

Shares of NYSE:ASBH opened at $18.41 on Friday. American Savings Bank of Hawaii has a 52-week low of $16.54 and a 52-week 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 EPS for the quarter, topping the consensus estimate of $0.45 by $0.01. The company had revenue of $97.74 million for the quarter, compared to analysts’ expectations of $97.10 million. Research analysts predict that American Savings Bank of Hawaii will post 1.75 EPS for the current year.

American Savings Bank of Hawaii Dividend Announcement

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

About American Savings Bank of Hawaii

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.