American Savings Bank of Hawaii (NYSE:ASBH) Coverage Initiated by Analysts at Stephens

Stephens assumed coverage on shares of American Savings Bank of Hawaii (NYSE:ASBH) in a research note issued to investors on Monday, Marketbeat.com reports. The firm issued an overweight rating and a $21.00 target price on the stock.

A number of other research firms have also issued reports on ASBH. Piper Sandler assumed coverage on American Savings Bank of Hawaii in a research report on Monday. They issued an “overweight” rating and a $20.00 price target on the stock. DA Davidson started coverage on American Savings Bank of Hawaii in a research report on Sunday. They set a “buy” rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

American Savings Bank of Hawaii Trading Up 1.4%

Shares of NYSE ASBH opened at $18.08 on Monday. American Savings Bank of Hawaii has a 1-year low of $16.54 and a 1-year high of $19.25.

American Savings Bank of Hawaii Company Profile

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.