Territorial Bancorp (TBNK) Stock Rating Upgraded by BidaskClub

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Territorial Bancorp (NASDAQ:TBNK) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other research firms also recently weighed in on TBNK. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded shares of Territorial Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Territorial Bancorp has a consensus rating of “Hold” and an average price target of $34.00.

TBNK opened at $31.00 on Thursday. Territorial Bancorp has a fifty-two week low of $28.12 and a fifty-two week high of $33.00. 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 firm has a market cap of $304.86 million, a price-to-earnings ratio of 17.42 and a beta of 0.27.

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

In other news, Vice Chairman Ralph Y. Nakatsuka sold 6,100 shares of the business’s stock in a transaction on Friday, June 8th. The shares were sold at an average price of $30.78, for a total value of $187,758.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Allan S. Kitagawa sold 4,323 shares of the business’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $30.68, for a total transaction of $132,629.64. The disclosure for this sale can be found here. Insiders sold a total of 14,817 shares of company stock worth $455,152 in the last 90 days. 13.10% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Territorial Bancorp by 74.1% in the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 66,134 shares of the financial services provider’s stock valued at $1,962,000 after purchasing an additional 28,155 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Territorial Bancorp in the 1st quarter valued at $326,000. Stifel Financial Corp lifted its position in Territorial Bancorp by 22.2% during the 1st quarter. Stifel Financial Corp now owns 79,962 shares of the financial services provider’s stock worth $2,372,000 after buying an additional 14,544 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Territorial Bancorp by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 480,264 shares of the financial services provider’s stock worth $14,245,000 after buying an additional 22,795 shares in the last quarter. Finally, Mackay Shields LLC acquired a new position in Territorial Bancorp during the 1st quarter worth about $377,000. Institutional investors own 44.38% of the company’s stock.

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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