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 report released on Thursday.

Several other equities research analysts have also issued reports on the company. Zacks Investment Research raised Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, June 14th. ValuEngine raised Territorial Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $33.00 price target on shares of Territorial Bancorp in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Territorial Bancorp currently has an average rating of “Hold” and an average price target of $34.00.

NASDAQ:TBNK opened at $31.60 on Thursday. The firm has a market cap of $305.55 million, a P/E ratio of 17.75 and a beta of 0.27. Territorial Bancorp has a 52-week low of $28.12 and a 52-week high of $33.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.92 and a quick ratio of 0.92.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The company had revenue of $15.98 million during the quarter, compared to analyst estimates of $15.90 million. Territorial Bancorp had a return on equity of 7.45% and a net margin of 21.08%. equities research analysts anticipate that Territorial Bancorp will post 2.1 EPS for the current year.

In other Territorial Bancorp news, Vice Chairman Ralph Y. Nakatsuka sold 6,100 shares of Territorial Bancorp stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $30.78, for a total transaction of $187,758.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Allan S. Kitagawa sold 4,323 shares of Territorial Bancorp stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $30.68, for a total value of $132,629.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,817 shares of company stock valued at $455,152. Corporate insiders own 13.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Brandes Investment Partners LP lifted its stake in shares of Territorial Bancorp by 75.9% in the 4th quarter. Brandes Investment Partners LP now owns 47,218 shares of the financial services provider’s stock valued at $1,457,000 after acquiring an additional 20,378 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Territorial Bancorp by 14.1% in the 4th quarter. Royce & Associates LP now owns 93,300 shares of the financial services provider’s stock valued at $2,880,000 after acquiring an additional 11,500 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of Territorial Bancorp in the 1st quarter valued at about $377,000. Martingale Asset Management L P lifted its stake in shares of Territorial Bancorp by 11.0% in the 4th quarter. Martingale Asset Management L P now owns 31,206 shares of the financial services provider’s stock valued at $964,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in shares of Territorial Bancorp in the 4th quarter valued at about $112,000. 44.38% of the stock is owned by hedge funds and other institutional investors.

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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