Territorial Bancorp (TBNK) Receiving Favorable Press Coverage, Analysis Finds

News stories about Territorial Bancorp (NASDAQ:TBNK) have trended positive on Thursday, AlphaOne reports. AlphaOne, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Territorial Bancorp earned a news sentiment score of 0.37 on AlphaOne’s scale. AlphaOne also assigned news headlines about the financial services provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near term.

Shares of Territorial Bancorp (NASDAQ:TBNK) traded up 0.91% during trading on Thursday, hitting $31.20. 13,913 shares of the stock traded hands. The firm has a market cap of $286.76 million, a price-to-earnings ratio of 17.73 and a beta of 0.28. Territorial Bancorp has a 52-week low of $25.05 and a 52-week high of $34.00. The stock has a 50 day moving average of $31.27 and a 200 day moving average of $31.38.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Thursday, January 26th. The financial services provider reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The business earned $15.50 million during the quarter, compared to the consensus estimate of $15.90 million. Territorial Bancorp had a return on equity of 7.24% and a net margin of 23.30%. Analysts expect that Territorial Bancorp will post $1.87 EPS for the current year.

Separately, Zacks Investment Research upgraded shares of Territorial Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, March 21st.

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In other news, General Counsel Vernon Hirata sold 1,400 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $31.07, for a total transaction of $43,498.00. Following the completion of the transaction, the general counsel now directly owns 57,975 shares of the company’s stock, valued at approximately $1,801,283.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Howard Y. Ikeda sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $33.17, for a total value of $116,095.00. Following the transaction, the director now directly owns 29,778 shares of the company’s stock, valued at $987,736.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,675 shares of company stock valued at $312,107. Corporate insiders own 9.80% of the company’s stock.

About Territorial Bancorp

Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowings in one- to four-family residential mortgage loans and investment securities.

5 Day Chart for NASDAQ:TBNK

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