American Savings Bank of Hawaii (NYSE:ASBH) Stock Rating Upgraded by Piper Sandler

American Savings Bank of Hawaii (NYSE:ASBH) was upgraded by equities research analysts at Piper Sandler to a “strong-buy” rating in a note issued to investors on Sunday, Zacks reports.

A number of other research analysts also recently issued reports on the stock. DA Davidson assumed coverage on shares of American Savings Bank of Hawaii in a research report on Sunday. They issued a “buy” rating and a $20.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on shares of American Savings Bank of Hawaii in a research report on Monday. They issued a “market perform” rating and a $19.00 price objective on the stock. Finally, Stephens assumed coverage on American Savings Bank of Hawaii in a research report on Monday. They set an “overweight” rating and a $21.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $20.00.

American Savings Bank of Hawaii Trading Up 0.9%

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