American Savings Bank of Hawaii (NYSE:ASBH) Issues Earnings Results

American Savings Bank of Hawaii (NYSE:ASBH) issued its earnings results on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.01, Zacks reports.

American Savings Bank of Hawaii Stock Performance

ASBH traded up $0.03 during midday trading on Thursday, reaching $18.90. 113,869 shares of the company’s stock were exchanged, compared to its average volume of 173,005. American Savings Bank of Hawaii has a 1-year low of $16.54 and a 1-year high of $19.98.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ASBH shares. Stephens started coverage on American Savings Bank of Hawaii in a research note on Monday, October 12th. They set an “overweight” rating and a $21.00 price target on the stock. DA Davidson began coverage on American Savings Bank of Hawaii in a research note on Sunday, October 11th. They issued a “buy” rating and a $20.00 price objective for the company. Zacks Research raised American Savings Bank of Hawaii to a “hold” rating in a report on Tuesday, October 13th. Piper Sandler initiated coverage on American Savings Bank of Hawaii in a report on Monday, October 12th. They set an “overweight” rating and a $20.00 price objective for the company. Finally, Keefe, Bruyette & Woods started coverage on American Savings Bank of Hawaii in a research report on Monday, October 12th. They set a “market perform” rating and a $19.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $20.00.

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.