American Savings Bank of Hawaii (NYSE:ASBH) Stock Price Target Raised at Piper Sandler

American Savings Bank of Hawaii (NYSE:ASBH) had its price objective raised by investment analysts at Piper Sandler from $20.00 to $21.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler‘s target price points to a potential upside of 6.28% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods assumed coverage on shares of American Savings Bank of Hawaii in a research report on Monday, October 12th. They set a “market perform” rating and a $19.00 price target for the company. Stephens started coverage on American Savings Bank of Hawaii in a report on Monday, October 12th. They issued an “overweight” rating and a $21.00 price target on the stock. DA Davidson started coverage on American Savings Bank of Hawaii in a research note on Sunday, October 11th. They issued a “buy” rating and a $20.00 price objective for the company. Wall Street Zen raised American Savings Bank of Hawaii to a “hold” rating in a research note on Saturday. Finally, Zacks Research raised American Savings Bank of Hawaii to a “hold” rating in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.25.

American Savings Bank of Hawaii Trading Up 7.1%

Shares of ASBH traded up $1.31 during trading hours on Monday, reaching $19.76. The company had a trading volume of 59,774 shares, compared to its average volume of 168,344. American Savings Bank of Hawaii has a 12-month low of $16.54 and a 12-month high of $19.98.

American Savings Bank of Hawaii (NYSE:ASBH) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates 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. As a group, research analysts anticipate that American Savings Bank of Hawaii will post 1.75 EPS for the current year.

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.