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

Analysts at StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK - Get Free Report) in a research note issued on Saturday. The firm set a "hold" rating on the financial services provider's stock.

Several other equities research analysts have also recently commented on TBNK. Piper Sandler upgraded Territorial Bancorp from an "underweight" rating to a "neutral" rating and upped their price target for the stock from $8.00 to $8.50 in a research note on Tuesday, May 7th. Keefe, Bruyette & Woods cut their price target on Territorial Bancorp from $10.00 to $9.66 and set a "market perform" rating for the company in a research note on Tuesday, May 14th.

Territorial Bancorp Stock Up 2.5 %

TBNK traded up $0.20 on Friday, reaching $8.10. The company's stock had a trading volume of 16,756 shares, compared to its average volume of 9,040. The company has a market capitalization of $71.54 million, a price-to-earnings ratio of 32.40 and a beta of 0.66. Territorial Bancorp has a fifty-two week low of $6.85 and a fifty-two week high of $14.50. The stock has a 50 day moving average of $7.90 and a two-hundred day moving average of $8.90. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.97.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.08). The firm had revenue of $9.35 million during the quarter, compared to analyst estimates of $9.86 million. Territorial Bancorp had a net margin of 3.06% and a return on equity of 0.89%. As a group, analysts forecast that Territorial Bancorp will post -0.15 EPS for the current fiscal year.

Institutional Trading of Territorial Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. White Pine Capital LLC lifted its stake 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 purchasing an additional 19,245 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of 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 valued at $410,000 after purchasing an additional 33,495 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Territorial Bancorp by 3.7% in the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider's stock valued at $638,000 after purchasing an additional 2,801 shares in the last quarter. 50.35% of the stock is owned by institutional investors and hedge funds.

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.