International Assets Investment Management LLC lifted its position in shares of Territorial Bancorp Inc. (NASDAQ:TBNK – Free Report) by 1,015.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,795 shares of the financial services provider’s stock after buying an additional 33,495 shares during the period. International Assets Investment Management LLC’s holdings in Territorial Bancorp were worth $410,000 at the end of the most recent quarter.
Separately, Brandywine Global Investment Management LLC boosted its position in Territorial Bancorp by 1.9% during 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 purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 50.35% of the company’s stock.
Territorial Bancorp Price Performance
NASDAQ:TBNK opened at $7.14 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.96. The stock’s 50 day moving average price is $8.14 and its two-hundred day moving average price is $8.87. The firm has a market capitalization of $63.05 million, a price-to-earnings ratio of 12.53 and a beta of 0.65. Territorial Bancorp Inc. has a 12-month low of $6.85 and a 12-month high of $17.50.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on TBNK. StockNews.com began coverage on Territorial Bancorp in a research report on Friday. They set a “hold” rating for the company. Piper Sandler increased their price target on Territorial Bancorp from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Tuesday, January 30th.
Read Our Latest Report on Territorial Bancorp
Territorial Bancorp 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.
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