Wall Street Zen Upgrades American Savings Bank of Hawaii (NYSE:ASBH) to Hold

by · The Cerbat Gem

American Savings Bank of Hawaii (NYSE:ASBH – Get Free Report) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

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

Check Out Our Latest Analysis on American Savings Bank of Hawaii

American Savings Bank of Hawaii Price Performance

Shares of NYSE:ASBH opened at $18.41 on Friday. American Savings Bank of Hawaii has a twelve month low of $16.54 and a twelve month high of $19.98.

American Savings Bank of Hawaii (NYSE:ASBH – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $97.74 million during the quarter, compared to the consensus estimate of $97.10 million. As a group, equities research analysts predict that American Savings Bank of Hawaii will post 1.75 EPS for the current fiscal year.

About American Savings Bank of Hawaii

(Get Free Report)

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.

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