American Savings Bank of Hawaii (NYSE:ASBH) Upgraded at Piper Sandler

Piper Sandler upgraded shares of American Savings Bank of Hawaii (NYSE:ASBH) to a strong-buy rating in a research note released on Sunday morning,Zacks reports.

Several other equities analysts also recently commented on the company. Keefe, Bruyette & Woods initiated coverage on American Savings Bank of Hawaii in a research report on Monday. They set a “market perform” rating and a $19.00 target price for the company. Stephens initiated coverage on shares of American Savings Bank of Hawaii in a report on Monday. They issued an “overweight” rating and a $21.00 price target for the company. Finally, DA Davidson started coverage on shares of American Savings Bank of Hawaii in a research report on Sunday. They set a “buy” rating and a $20.00 target price on the stock. Two investment 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 company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $20.00.

American Savings Bank of Hawaii Price Performance

Shares of NYSE ASBH opened at $18.23 on Friday. American Savings Bank of Hawaii has a one year low of $16.54 and a one 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.