Territorial Bancorp (NASDAQ:TBNK) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a report issued on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

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

Territorial Bancorp Stock Down 1.8 %

TBNK stock opened at $7.14 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96. Territorial Bancorp has a twelve month low of $6.85 and a twelve month high of $17.50. The company’s 50 day moving average is $8.14 and its two-hundred day moving average is $8.87. The stock has a market cap of $63.05 million, a P/E ratio of 12.53 and a beta of 0.65.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Territorial Bancorp had a return on equity of 2.00% and a net margin of 7.03%. The company had revenue of $18.29 million for the quarter, compared to analyst estimates of $10.31 million. Research analysts expect that Territorial Bancorp will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Territorial Bancorp

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its position in shares of Territorial Bancorp by 1,015.0% during 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. White Pine Capital LLC boosted its position 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 worth $566,000 after purchasing an additional 19,245 shares in the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in shares of Territorial Bancorp by 1.9% during 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 hedge funds and other 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.