American Savings Bank of Hawaii (NYSE:ASBH) Shares Shorted: Short Interest Up 95.5% in October

American Savings Bank of Hawaii (NYSE:ASBH) saw a large growth in short interest in October. As of October 30th, there was short interest totaling 191,989 shares, a growth of 95.5% from the October 15th total of 98,186 shares. Based on an average trading volume of 191,422 shares, the short-interest ratio is presently 1.0 days.

American Savings Bank of Hawaii Stock Up 0.7%

American Savings Bank of Hawaii stock traded up $0.15 during midday trading on Friday, hitting $21.11. The company’s stock had a trading volume of 359,110 shares, compared to its average volume of 206,659. American Savings Bank of Hawaii has a 1-year low of $16.54 and a 1-year high of $21.79. The company has a 50-day simple moving average of $18.72.

American Savings Bank of Hawaii (NYSE:ASBH) last announced its earnings results on Thursday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The business had revenue of $97.74 million for the quarter, compared to analyst estimates of $97.10 million. On average, sell-side analysts anticipate that American Savings Bank of Hawaii will post 1.77 earnings per share for the current fiscal year.

American Savings Bank of Hawaii Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, November 20th. Investors of record on Monday, November 9th will be given a dividend of $0.27 per share. The ex-dividend date is Monday, November 9th.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ASBH. Zacks Research upgraded shares of American Savings Bank of Hawaii to a “hold” rating in a report on Tuesday, October 13th. DA Davidson initiated coverage on American Savings Bank of Hawaii in a research note on Sunday, October 11th. They set a “buy” rating and a $20.00 target price for the company. Piper Sandler boosted their target price on American Savings Bank of Hawaii from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Wall Street Zen raised American Savings Bank of Hawaii to a “hold” rating in a report on Saturday, October 31st. Finally, Stephens lifted their target price on shares of American Savings Bank of Hawaii from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Savings Bank of Hawaii currently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

About American Savings Bank of Hawaii

American Savings Bank of Hawaii was a Hawaii-based savings institution that provided banking and financial services to individuals, families and businesses. Its principal activities included accepting deposits, making residential and commercial loans, providing mortgage financing, and offering consumer banking products. The bank served customers across the Hawaiian Islands through branch locations and other banking channels. Its products and services were focused on personal and business checking and savings accounts, home lending, consumer credit and commercial banking relationships.