American Savings Bank of Hawaii (NYSE:ASBH) Stock Moved Up to “Strong-Buy” by Piper Sandler

Piper Sandler upgraded shares of American Savings Bank of Hawaii (NYSE:ASBH) to a strong-buy rating in a research report report published on Sunday morning,Zacks reports.

Several other equities research analysts have also issued reports on ASBH. DA Davidson started coverage on shares of American Savings Bank of Hawaii in a report on Sunday. They set a “buy” rating and a $20.00 price target on the stock. Stephens started coverage on shares of American Savings Bank of Hawaii in a research note on Monday. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Keefe, Bruyette & Woods began coverage on shares of American Savings Bank of Hawaii in a research note on Monday. They issued a “market perform” rating and a $19.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $20.00.

American Savings Bank of Hawaii Price Performance

ASBH stock opened at $18.23 on Friday. American Savings Bank of Hawaii has a 12 month low of $16.54 and a 12 month high of $19.25.

About American Savings Bank of Hawaii

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.