American Savings Bank of Hawaii (NYSE:ASBH) Sees Significant Increase in Short Interest

American Savings Bank of Hawaii (NYSE:ASBH) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 125,114 shares. Based on an average trading volume of 354,650 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

ASBH has been the topic of several recent analyst reports. Stephens assumed coverage on shares of American Savings Bank of Hawaii in a research report on Monday. They set an “overweight” rating and a $21.00 price objective on the stock. DA Davidson started coverage on shares of American Savings Bank of Hawaii in a research note on Sunday. They set a “buy” rating and a $20.00 target price for the company. Keefe, Bruyette & Woods initiated coverage on shares of American Savings Bank of Hawaii in a report on Monday. They issued a “market perform” rating and a $19.00 price target on the stock. Finally, Piper Sandler started coverage on shares of American Savings Bank of Hawaii in a research note on Monday. They issued an “overweight” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $20.00.

American Savings Bank of Hawaii Stock Performance

Shares of NYSE:ASBH traded up $0.04 during trading hours on Wednesday, hitting $18.18. 97,431 shares of the company’s stock traded hands, compared to its average volume of 161,939. American Savings Bank of Hawaii has a 1 year low of $16.54 and a 1 year high of $19.25.

About American Savings Bank of Hawaii

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.