American Savings Bank of Hawaii (NYSE:ASBH) Price Target Raised to $22.00

American Savings Bank of Hawaii (NYSE:ASBH) had its price target hoisted by Stephens from $21.00 to $22.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts also recently issued reports on the company. DA Davidson assumed coverage on American Savings Bank of Hawaii in a report on Sunday, October 11th. They set a “buy” rating and a $20.00 price target for the company. Piper Sandler increased their price objective on American Savings Bank of Hawaii from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Monday, November 2nd. Zacks Research raised American Savings Bank of Hawaii to a “hold” rating in a research report on Tuesday, October 13th. Keefe, Bruyette & Woods started coverage on American Savings Bank of Hawaii in a report on Monday, October 12th. They issued a “market perform” rating and a $19.00 price target for the company. Finally, Wall Street Zen upgraded shares of American Savings Bank of Hawaii to a “hold” rating in a research note on Saturday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.50.

American Savings Bank of Hawaii Stock Performance

Shares of ASBH traded up $0.17 during midday trading on Wednesday, reaching $20.00. The stock had a trading volume of 165,800 shares, compared to its average volume of 168,752. American Savings Bank of Hawaii has a 1-year low of $16.54 and a 1-year high of $20.45.

American Savings Bank of Hawaii (NYSE:ASBH) last issued its earnings results on Thursday, October 29th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. The firm had revenue of $97.74 million for the quarter, compared to analyst estimates of $97.10 million. 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 Announces Dividend

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

American Savings Bank of Hawaii Company Profile

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.

American Savings Bank was historically associated with Hawaiian Electric Industries, Inc, which owned the institution for a period of its corporate history.