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

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

Separately, Piper Sandler raised their target price on 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 Up 2.1 %

Shares of TBNK stock opened at $8.09 on Friday. The stock’s fifty day moving average price is $7.95 and its two-hundred day moving average price is $8.84. The company has a market cap of $71.43 million, a PE ratio of 14.19 and a beta of 0.64. Territorial Bancorp has a fifty-two week low of $6.85 and a fifty-two week high of $14.50. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.86 and a current ratio of 0.86.

Institutional Investors Weigh In On Territorial Bancorp

Several hedge funds have recently modified their holdings of TBNK. International Assets Investment Management LLC boosted its holdings 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 valued at $410,000 after acquiring an additional 33,495 shares in the last quarter. White Pine Capital LLC grew its position in shares of 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 valued at $566,000 after buying an additional 19,245 shares during the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in shares of Territorial Bancorp by 1.9% in the third quarter. Brandywine Global Investment Management LLC now owns 86,909 shares of the financial services provider’s stock valued at $790,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 50.35% of the company’s stock.

About Territorial Bancorp

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.