Territorial Bancorp (NASDAQ:TBNK) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.
Separately, Zacks Investment Research raised shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Sell”.
Shares of Territorial Bancorp (NASDAQ:TBNK) traded up $0.26 during mid-day trading on Thursday, hitting $31.52. 20,140 shares of the stock were exchanged, compared to its average volume of 17,005. Territorial Bancorp has a fifty-two week low of $28.12 and a fifty-two week high of $34.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $314.22, a P/E ratio of 17.41 and a beta of 0.29.
Territorial Bancorp (NASDAQ:TBNK) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. Territorial Bancorp had a net margin of 24.07% and a return on equity of 7.34%. The business had revenue of $15.57 million for the quarter, compared to the consensus estimate of $15.90 million. equities analysts forecast that Territorial Bancorp will post 1.8 earnings per share for the current fiscal year.
In related news, General Counsel Vernon Hirata sold 9,000 shares of Territorial Bancorp stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $30.17, for a total transaction of $271,530.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 13.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in TBNK. SG Americas Securities LLC purchased a new stake in Territorial Bancorp during the 3rd quarter worth $190,000. Voya Investment Management LLC purchased a new stake in Territorial Bancorp during the 2nd quarter worth $204,000. Alpine Woods Capital Investors LLC purchased a new stake in Territorial Bancorp during the 3rd quarter worth $253,000. Rhumbline Advisers increased its stake in Territorial Bancorp by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 10,199 shares of the financial services provider’s stock worth $318,000 after buying an additional 165 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in Territorial Bancorp by 50.5% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 12,517 shares of the financial services provider’s stock worth $389,000 after buying an additional 4,200 shares during the period. 47.15% of the stock is currently owned by hedge funds and other institutional investors.
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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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