American Savings Bank of Hawaii (NYSE:ASBH) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

American Savings Bank of Hawaii (NYSE:ASBH) issued its earnings results on Thursday. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01, Zacks reports.

American Savings Bank of Hawaii Stock Performance

American Savings Bank of Hawaii stock traded up $0.03 during mid-day trading on Thursday, reaching $18.90. 113,869 shares of the company were exchanged, compared to its average volume of 173,005. American Savings Bank of Hawaii has a 12-month low of $16.54 and a 12-month high of $19.98.

Wall Street Analysts Forecast Growth

ASBH has been the topic of a number of analyst reports. Stephens started coverage on shares of American Savings Bank of Hawaii in a research report on Monday, October 12th. They set an “overweight” rating and a $21.00 price objective on the stock. Zacks Research upgraded American Savings Bank of Hawaii to a “hold” rating in a report on Tuesday, October 13th. DA Davidson began coverage on American Savings Bank of Hawaii in a research note on Sunday, October 11th. They set a “buy” rating and a $20.00 price target for the company. Keefe, Bruyette & Woods assumed coverage on American Savings Bank of Hawaii in a report on Monday, October 12th. They set a “market perform” rating and a $19.00 price objective for the company. Finally, Piper Sandler assumed coverage on American Savings Bank of Hawaii in a research report on Monday, October 12th. They issued an “overweight” rating and a $20.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, American Savings Bank of Hawaii has an average rating of “Buy” and an average target price of $20.00.

About American Savings Bank of Hawaii

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.