Research analysts at StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK – Get Free Report) in a report released on Sunday. The firm set a “hold” rating on the financial services provider’s stock.
Other equities analysts also recently issued reports about the company. Keefe, Bruyette & Woods raised their price objective on Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a research note on Wednesday, August 14th. Piper Sandler raised shares of Territorial Bancorp from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $8.00 to $8.50 in a research note on Tuesday, May 7th.
View Our Latest Research Report on TBNK
Territorial Bancorp Price Performance
TBNK traded down $0.06 on Friday, reaching $9.73. 1,925 shares of the company’s stock were exchanged, compared to its average volume of 5,830. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s fifty day moving average price is $9.02 and its 200-day moving average price is $8.41. The stock has a market cap of $85.92 million, a PE ratio of 38.92 and a beta of 0.61. Territorial Bancorp has a twelve month low of $6.85 and a twelve month high of $11.64.
Territorial Bancorp (NASDAQ:TBNK – Get Free Report) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The business had revenue of $8.90 million during the quarter, compared to analysts’ expectations of $8.96 million. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of TBNK. International Assets Investment Management LLC bought a new stake in shares of Territorial Bancorp during the second quarter worth $27,000. Longfellow Investment Management Co. LLC bought a new stake in Territorial Bancorp in the 2nd quarter valued at about $37,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp in the second quarter valued at about $501,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Territorial Bancorp by 3.7% during the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 2,801 shares in the last quarter. 50.35% of the stock is currently owned by institutional investors and hedge funds.
Territorial Bancorp Company Profile
Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of deposit.
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