Zacks Research Upgrades American Savings Bank of Hawaii (NYSE:ASBH) to Hold

American Savings Bank of Hawaii (NYSE:ASBH) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report released on Tuesday, Zacks reports.

Several other brokerages also recently issued reports on ASBH. Keefe, Bruyette & Woods began coverage on 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. Stephens initiated coverage on American Savings Bank of Hawaii in a research note on Monday. They set an “overweight” rating and a $21.00 target price on the stock. DA Davidson started coverage on American Savings Bank of Hawaii in a report on Sunday. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Piper Sandler initiated coverage on American Savings Bank of Hawaii in a report on Monday. They issued an “overweight” rating and a $20.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, American Savings Bank of Hawaii currently has an average rating of “Buy” and an average price target of $20.00.

American Savings Bank of Hawaii Stock Performance

NYSE:ASBH opened at $18.18 on Tuesday. American Savings Bank of Hawaii has a 1-year low of $16.54 and a 1-year 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.