Territorial Bancorp (NASDAQ:TBNK) Research Coverage Started at StockNews.com

Posted by Defense World Staff on Jul 31st, 2024

Research analysts at StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK – Get Free Report) in a report released on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Territorial Bancorp from $10.00 to $9.66 and set a “market perform” rating for the company in a research note on Tuesday, May 14th. Piper Sandler raised shares of Territorial Bancorp from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $8.00 to $8.50 in a research note on Tuesday, May 7th.

Check Out Our Latest Research Report on Territorial Bancorp

Territorial Bancorp Trading Up 4.7 %

Territorial Bancorp stock opened at $10.01 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $88.39 million, a price-to-earnings ratio of 40.04 and a beta of 0.61. Territorial Bancorp has a 1 year low of $6.85 and a 1 year high of $14.18. The firm’s 50 day moving average price is $8.33 and its two-hundred day moving average price is $8.59.

Territorial Bancorp (NASDAQ:TBNK – Get Free Report) last posted its quarterly earnings results on Friday, May 3rd. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08). The business had revenue of $9.35 million during the quarter, compared to analyst estimates of $9.86 million. Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%. On average, research analysts predict that Territorial Bancorp will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Territorial Bancorp

A number of institutional investors have recently modified their holdings of TBNK. International Assets Investment Management LLC acquired a new stake in shares of Territorial Bancorp during the 2nd quarter valued at $27,000. White Pine Capital LLC boosted its stake in shares of Territorial Bancorp by 61.1% during the 4th quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock valued at $566,000 after buying an additional 19,245 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of Territorial Bancorp by 3.7% during the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after buying an additional 2,801 shares during the period. Institutional investors and hedge funds own 50.35% of the company’s stock.

Territorial Bancorp Company Profile

(Get Free Report)

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.