Territorial Bancorp (NASDAQ:TBNK) Upgraded at BidaskClub

Territorial Bancorp (NASDAQ:TBNK) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday, May 8th.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, March 24th. ValuEngine raised Territorial Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $33.00 price target on shares of Territorial Bancorp in a research note on Tuesday, February 27th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $34.00 price objective on shares of Territorial Bancorp in a report on Friday, January 26th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $34.00.

Shares of TBNK stock opened at $30.45 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $295.71 million, a P/E ratio of 16.51 and a beta of 0.27. Territorial Bancorp has a 1-year low of $30.12 and a 1-year high of $30.28.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $15.98 million during the quarter, compared to analysts’ expectations of $15.90 million. Territorial Bancorp had a return on equity of 7.45% and a net margin of 21.08%. equities analysts anticipate that Territorial Bancorp will post 2.1 earnings per share for the current fiscal year.

In other Territorial Bancorp news, Director Howard Y. Ikeda sold 3,736 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $30.59, for a total transaction of $114,284.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.10% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems purchased a new position in Territorial Bancorp in the 4th quarter valued at approximately $112,000. MetLife Investment Advisors LLC purchased a new position in Territorial Bancorp during the fourth quarter worth $132,000. Stone Ridge Asset Management LLC purchased a new position in Territorial Bancorp during the fourth quarter worth $281,000. Millennium Management LLC acquired a new stake in shares of Territorial Bancorp during the first quarter worth $326,000. Finally, California Public Employees Retirement System boosted its holdings in shares of Territorial Bancorp by 61.5% during the fourth quarter. California Public Employees Retirement System now owns 11,406 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 4,345 shares during the last quarter. 46.16% of the stock is owned by hedge funds and other institutional investors.

Territorial Bancorp Company Profile

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

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