American Savings Bank of Hawaii (NYSE:ASBH) Stock Rated Overweight in New Coverage at Stephens

Stephens initiated coverage on shares of American Savings Bank of Hawaii (NYSE:ASBH) in a research note published on Monday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $21.00 price objective on the stock.

A number of other analysts have also commented on ASBH. Piper Sandler initiated coverage on American Savings Bank of Hawaii in a report on Monday. They issued an “overweight” rating and a $20.00 price target on the stock. DA Davidson started coverage on American Savings Bank of Hawaii in a research report on Sunday. They set a “buy” rating and a $20.00 price objective for the company. Two 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.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $20.00.

American Savings Bank of Hawaii Stock Up 0.2%

ASBH stock opened at $18.18 on Monday. 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 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.