DA Davidson Upgrades American Savings Bank of Hawaii (NYSE:ASBH) to Strong-Buy

American Savings Bank of Hawaii (NYSE:ASBH) was upgraded by equities research analysts at DA Davidson to a “strong-buy” rating in a note issued to investors on Sunday, Zacks reports.

Several other equities research analysts also recently issued reports on ASBH. Piper Sandler started coverage on American Savings Bank of Hawaii in a research note on Monday. They issued an “overweight” rating and a $20.00 price objective for the company. Keefe, Bruyette & Woods began coverage on shares of American Savings Bank of Hawaii in a report on Monday. They issued a “market perform” rating and a $19.00 price objective for the company. Finally, Stephens started coverage on American Savings Bank of Hawaii in a report on Monday. They set an “overweight” rating and a $21.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $20.00.

American Savings Bank of Hawaii Stock Performance

American Savings Bank of Hawaii stock opened at $18.08 on Friday. American Savings Bank of Hawaii has a fifty-two week low of $16.54 and a fifty-two week 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.