American Savings Bank of Hawaii (NYSE:ASBH) Shareholders Set to Receive $0.27 Dividend

American Savings Bank of Hawaii (NYSE:ASBH) announced a dividend on Tuesday, October 27th. Stockholders of record on Monday, November 9th will be paid a dividend of $0.27 per share on Friday, November 20th. The ex-dividend date of this dividend is Monday, November 9th.

American Savings Bank of Hawaii Trading Up 0.8%

American Savings Bank of Hawaii stock opened at $20.00 on Friday. American Savings Bank of Hawaii has a twelve month low of $16.54 and a twelve month high of $20.45.

American Savings Bank of Hawaii (NYSE:ASBH) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01. The company had revenue of $97.74 million for the quarter, compared to analyst estimates of $97.10 million. As a group, equities analysts predict that American Savings Bank of Hawaii will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.