Shares of Territorial Bancorp (NASDAQ:TBNK) have earned an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $33.50.
TBNK has been the topic of a number of analyst reports. Sandler O’Neill reiterated a “hold” rating and set a $34.00 price objective on shares of Territorial Bancorp in a research note on Friday, January 26th. Zacks Investment Research downgraded shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. BidaskClub upgraded shares of Territorial Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 8th. ValuEngine upgraded shares of Territorial Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $33.00 price objective on shares of Territorial Bancorp in a research note on Friday, January 26th.
Territorial Bancorp opened at $30.19 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $295.75 million, a PE ratio of 16.51 and a beta of 0.27.
Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. Territorial Bancorp had a net margin of 21.08% and a return on equity of 7.42%. The business had revenue of $15.98 million for the quarter, compared to the consensus estimate of $15.90 million. research analysts anticipate that Territorial Bancorp will post 2.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Thursday, May 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.65%. Territorial Bancorp’s payout ratio is 44.94%.
In other Territorial Bancorp news, Director Howard Y. Ikeda sold 3,736 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $30.59, for a total transaction of $114,284.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Brandes Investment Partners LP grew its stake in Territorial Bancorp by 75.9% during the fourth quarter. Brandes Investment Partners LP now owns 47,218 shares of the financial services provider’s stock worth $1,457,000 after buying an additional 20,378 shares in the last quarter. Bailard Inc. bought a new position in shares of Territorial Bancorp in the fourth quarter worth about $1,297,000. Royce & Associates LP lifted its holdings in shares of Territorial Bancorp by 14.1% in the fourth quarter. Royce & Associates LP now owns 93,300 shares of the financial services provider’s stock worth $2,880,000 after acquiring an additional 11,500 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of Territorial Bancorp by 11.0% in the fourth quarter. Martingale Asset Management L P now owns 31,206 shares of the financial services provider’s stock worth $964,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of Territorial Bancorp in the fourth quarter worth about $112,000. Hedge funds and other institutional investors own 46.32% 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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