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

StockNews.com started coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note issued to investors on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Piper Sandler raised their price target on shares of Territorial Bancorp from $7.00 to $8.00 and gave the company an underweight rating in a report on Tuesday, January 30th.

Territorial Bancorp Trading Down 1.0 %

NASDAQ TBNK opened at $7.07 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $62.43 million, a price-to-earnings ratio of 12.40 and a beta of 0.65. The company’s 50-day simple moving average is $8.10 and its two-hundred day simple moving average is $8.86. Territorial Bancorp has a one year low of $6.85 and a one year high of $17.47.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results on Friday, January 26th. The financial services provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $18.29 million for the quarter, compared to analysts’ expectations of $10.31 million. Territorial Bancorp had a net margin of 7.03% and a return on equity of 2.00%. Equities analysts forecast that Territorial Bancorp will post 0.2 EPS for the current fiscal year.

Institutional Trading of Territorial Bancorp

A number of institutional investors have recently modified their holdings of TBNK. White Pine Capital LLC boosted its stake in Territorial Bancorp by 61.1% in the 4th quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 19,245 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Territorial Bancorp by 1,015.0% in the 4th quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 33,495 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its stake in Territorial Bancorp by 1.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 86,909 shares of the financial services provider’s stock worth $790,000 after purchasing an additional 1,600 shares in the last quarter. 50.35% of the stock is currently owned by institutional investors.

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.