Territorial Bancorp (NASDAQ:TBNK) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

A number of other research analysts also recently weighed in on TBNK. Keefe, Bruyette & Woods lowered their price target on Territorial Bancorp from $10.00 to $9.66 and set a “market perform” rating on the stock in a report on Tuesday, May 14th. Piper Sandler upgraded Territorial Bancorp from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $8.00 to $8.50 in a report on Tuesday, May 7th.

Territorial Bancorp Stock Performance

TBNK opened at $7.77 on Thursday. The firm has a market cap of $68.61 million, a PE ratio of 31.08 and a beta of 0.66. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.97. The business has a fifty day simple moving average of $7.79 and a 200-day simple moving average of $8.96. Territorial Bancorp has a fifty-two week low of $6.85 and a fifty-two week high of $14.50.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data on Friday, May 3rd. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.08). The company had revenue of $9.35 million for the quarter, compared to the consensus estimate of $9.86 million. Territorial Bancorp had a return on equity of 0.89% and a net margin of 3.06%. As a group, equities analysts predict that Territorial Bancorp will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brandywine Global Investment Management LLC grew its stake in Territorial Bancorp by 1.9% in the third quarter. Brandywine Global Investment Management LLC now owns 86,909 shares of the financial services provider’s stock valued at $790,000 after purchasing an additional 1,600 shares in the last quarter. International Assets Investment Management LLC grew its stake in Territorial Bancorp by 1,015.0% in the fourth quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 33,495 shares in the last quarter. White Pine Capital LLC grew its stake in Territorial Bancorp by 61.1% in the fourth quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 19,245 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 2,801 shares in the last quarter. Hedge funds and other institutional investors own 50.35% of the company’s stock.

Territorial Bancorp Company Profile

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of deposit.