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

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

Separately, Piper Sandler increased their price objective on Territorial Bancorp from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th.

Territorial Bancorp Trading Down 1.8 %

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. Territorial Bancorp has a 1-year low of $6.85 and a 1-year high of $17.50. The firm has a market capitalization of $63.05 million, a price-to-earnings ratio of 12.53 and a beta of 0.65. The stock has a fifty day simple moving average of $8.14 and a 200 day simple moving average of $8.87.

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

Institutional Investors Weigh In On Territorial Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Brandywine Global Investment Management LLC raised its stake 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. White Pine Capital LLC raised its stake 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, International Assets Investment Management LLC raised its stake 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. 50.35% of the stock is owned by hedge funds and other institutional investors.

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.