Territorial Bancorp (TBNK) Given Consensus Rating of “Hold” by Brokerages

Territorial Bancorp (NASDAQ:TBNK) has received an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.50.

Several equities research analysts have recently weighed in on TBNK shares. Zacks Investment Research raised shares of Territorial Bancorp from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Saturday, January 13th. ValuEngine raised shares of Territorial Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $33.00 target price on shares of Territorial Bancorp in a research note on Tuesday, February 27th. Sandler O’Neill reissued a “hold” rating and issued a $34.00 target price on shares of Territorial Bancorp in a research note on Friday, January 26th. Finally, BidaskClub downgraded shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.

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In other news, Director Howard Y. Ikeda sold 3,736 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $30.59, for a total value of $114,284.24. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 13.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TBNK. Russell Investments Group Ltd. grew its holdings in shares of Territorial Bancorp by 82.0% in the third quarter. Russell Investments Group Ltd. now owns 16,727 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 7,534 shares during the last quarter. SG Americas Securities LLC bought a new position in Territorial Bancorp during the 3rd quarter worth about $190,000. Dimensional Fund Advisors LP grew its holdings in Territorial Bancorp by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 447,359 shares of the financial services provider’s stock worth $14,123,000 after acquiring an additional 23,254 shares in the last quarter. Royce & Associates LP grew its holdings in Territorial Bancorp by 16.9% during the 3rd quarter. Royce & Associates LP now owns 81,800 shares of the financial services provider’s stock worth $2,582,000 after acquiring an additional 11,800 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in Territorial Bancorp by 18.4% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 14,817 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 2,300 shares in the last quarter. Hedge funds and other institutional investors own 46.68% of the company’s stock.

Territorial Bancorp stock traded up $0.23 during mid-day trading on Wednesday, reaching $30.15. 6,504 shares of the company’s stock traded hands, compared to its average volume of 20,708. The company has a market cap of $291.15, a price-to-earnings ratio of 16.72 and a beta of 0.26. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.46. Territorial Bancorp has a 12-month low of $28.12 and a 12-month high of $33.00.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). The business had revenue of $15.76 million for the quarter, compared to analysts’ expectations of $15.90 million. Territorial Bancorp had a net margin of 20.73% and a return on equity of 7.24%. equities research analysts anticipate that Territorial Bancorp will post 2.13 earnings per share for the current fiscal year.

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Territorial Bancorp Company Profile

Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowings in one- to four-family residential mortgage loans and investment securities.

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