Shares of Territorial Bancorp Inc (NASDAQ:TBNK) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $33.50.
Several equities analysts have weighed in on TBNK shares. Sandler O’Neill reissued a “hold” rating and set a $34.00 price target on shares of Territorial Bancorp in a research report on Friday, January 26th. Zacks Investment Research downgraded Territorial Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $33.00 price target on shares of Territorial Bancorp in a research report on Friday, January 26th. Finally, BidaskClub downgraded Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th.
In related news, General Counsel Vernon Hirata sold 6,700 shares of Territorial Bancorp stock in a transaction on Friday, December 8th. The stock was sold at an average price of $30.54, for a total value of $204,618.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.10% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Ramsey Quantitative Systems acquired a new position in shares of Territorial Bancorp during the fourth quarter worth about $112,000. MetLife Investment Advisors LLC acquired a new position in shares of Territorial Bancorp during the fourth quarter worth about $132,000. SG Americas Securities LLC acquired a new position in shares of Territorial Bancorp during the third quarter worth about $190,000. Voya Investment Management LLC acquired a new position in shares of Territorial Bancorp during the second quarter worth about $204,000. Finally, Alpine Woods Capital Investors LLC purchased a new stake in shares of Territorial Bancorp during the third quarter worth about $253,000. Institutional investors own 48.19% of the company’s stock.
Territorial Bancorp (NASDAQ:TBNK) traded up $0.04 during midday trading on Tuesday, reaching $30.69. The company had a trading volume of 18,600 shares, compared to its average volume of 20,879. Territorial Bancorp has a 12-month low of $28.12 and a 12-month high of $33.97. The stock has a market cap of $304.29, a P/E ratio of 19.42 and a beta of 0.26. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.29.
Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.01). Territorial Bancorp had a net margin of 20.73% and a return on equity of 7.24%. The firm had revenue of $15.76 million during the quarter, compared to analysts’ expectations of $15.90 million. equities research analysts anticipate that Territorial Bancorp will post 2.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Wednesday, February 7th. Territorial Bancorp’s payout ratio is currently 50.63%.
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About Territorial Bancorp
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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