Territorial Bancorp (TBNK) Rating Increased to Hold at BidaskClub

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

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. ValuEngine cut shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $32.00 target price on shares of Territorial Bancorp in a report on Friday, July 27th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $32.00 price target on shares of Territorial Bancorp in a research note on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.00.

Shares of Territorial Bancorp stock opened at $27.40 on Wednesday. Territorial Bancorp has a 12-month low of $24.96 and a 12-month high of $32.55. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $268.62 million, a PE ratio of 15.39 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Territorial Bancorp had a net margin of 22.17% and a return on equity of 8.03%. The business had revenue of $15.51 million during the quarter, compared to analysts’ expectations of $16.00 million. As a group, research analysts expect that Territorial Bancorp will post 2.06 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Ramsey Quantitative Systems boosted its stake in Territorial Bancorp by 46.6% during the 3rd quarter. Ramsey Quantitative Systems now owns 5,424 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 1,724 shares during the period. Sei Investments Co. boosted its stake in Territorial Bancorp by 14.8% during the 2nd quarter. Sei Investments Co. now owns 14,183 shares of the financial services provider’s stock worth $440,000 after purchasing an additional 1,828 shares during the period. First Trust Advisors LP boosted its stake in 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 worth $427,000 after purchasing an additional 2,205 shares during the period. Northern Trust Corp boosted its stake in Territorial Bancorp by 5.6% during the 2nd quarter. Northern Trust Corp now owns 89,834 shares of the financial services provider’s stock worth $2,785,000 after purchasing an additional 4,781 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. boosted its stake in Territorial Bancorp by 5.6% during the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 113,916 shares of the financial services provider’s stock worth $3,366,000 after purchasing an additional 5,990 shares during the period. Hedge funds and other institutional investors own 44.17% 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.

Recommended Story: Using the New Google Finance Tool

Receive News & Ratings for Territorial Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Territorial Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply