American Savings Bank of Hawaii (NYSE:ASBH) Upgraded at DA Davidson

DA Davidson upgraded shares of American Savings Bank of Hawaii (NYSE:ASBH) to a strong-buy rating in a research report released on Sunday,Zacks reports.

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

American Savings Bank of Hawaii Price Performance

Shares of ASBH stock opened at $18.23 on Friday. 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, 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.