Territorial Bancorp (TBNK) Upgraded to “Hold” by BidaskClub

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

TBNK has been the subject of several other reports. ValuEngine downgraded Territorial Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Sandler O’Neill restated a “hold” rating and issued a $32.00 price target on shares of Territorial Bancorp in a research note on Friday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $32.00 price target on shares of Territorial Bancorp in a research note on Friday, July 27th. Finally, Zacks Investment Research downgraded Territorial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Territorial Bancorp currently has a consensus rating of “Hold” and a consensus target price of $33.00.

Shares of NASDAQ TBNK traded up $0.12 during midday trading on Wednesday, hitting $27.70. 50 shares of the company’s stock were exchanged, compared to its average volume of 22,021. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37. Territorial Bancorp has a 12 month low of $24.96 and a 12 month high of $32.55. The company has a market capitalization of $265.31 million, a P/E ratio of 15.56 and a beta of 0.22.

Territorial Bancorp (NASDAQ:TBNK) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.51 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. The company had revenue of $15.51 million during the quarter, compared to the consensus estimate of $16.00 million. Territorial Bancorp had a return on equity of 8.03% and a net margin of 22.17%. Analysts predict that Territorial Bancorp will post 2.06 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ramsey Quantitative Systems boosted its stake in Territorial Bancorp by 46.6% in the 3rd quarter. Ramsey Quantitative Systems now owns 5,424 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 1,724 shares during the period. Millennium Management LLC bought a new stake in shares of Territorial Bancorp during the 1st quarter valued at $326,000. First Trust Advisors LP lifted its position in shares of Territorial Bancorp by 19.1% during the 2nd quarter. First Trust Advisors LP now owns 13,760 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 2,205 shares during the period. Sei Investments Co. lifted its position in shares of Territorial Bancorp by 14.8% during the 2nd quarter. Sei Investments Co. now owns 14,183 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 1,828 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Territorial Bancorp by 5.6% during the 2nd quarter. Northern Trust Corp now owns 89,834 shares of the financial services provider’s stock valued at $2,785,000 after acquiring an additional 4,781 shares during the period. Institutional investors and hedge funds own 44.17% of the company’s stock.

About Territorial Bancorp

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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