American Savings Bank of Hawaii (NYSE:ASBH) Sees Large Increase in Short Interest

American Savings Bank of Hawaii (NYSE:ASBH) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 125,114 shares. Based on an average daily trading volume, of 354,650 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

A number of brokerages have commented on ASBH. Piper Sandler assumed coverage on shares of American Savings Bank of Hawaii in a research report on Monday. They set an “overweight” rating and a $20.00 price target on the stock. DA Davidson initiated coverage on shares of American Savings Bank of Hawaii in a research note on Sunday. They issued a “buy” rating and a $20.00 price target for the company. Stephens assumed coverage on American Savings Bank of Hawaii in a research report on Monday. They issued an “overweight” rating and a $21.00 target price for the company. Keefe, Bruyette & Woods initiated coverage on shares of American Savings Bank of Hawaii in a research note on Monday. They set a “market perform” rating and a $19.00 price target for the company. Finally, Zacks Research raised American Savings Bank of Hawaii to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $20.00.

American Savings Bank of Hawaii Trading Up 0.6%

Shares of NYSE ASBH traded up $0.12 during mid-day trading on Thursday, reaching $18.17. 130,326 shares of the company’s stock were exchanged, compared to its average volume of 161,535. American Savings Bank of Hawaii has a 52 week low of $16.54 and a 52 week high of $19.25.

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.