Brokerages Anticipate Territorial Bancorp Inc. (TBNK) to Announce $0.47 Earnings Per Share
Shares of Territorial Bancorp Inc. (NASDAQ:TBNK) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus price target of $27.00 for the company and are predicting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also given Territorial Bancorp an industry rank of 104 out of 265 based on the ratings given to related companies.
TBNK has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Territorial Bancorp from a “buy” rating to a “sell” rating in a research note on Wednesday, May 17th. ValuEngine cut shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, BidaskClub cut shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th.
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In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,250 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $32.11, for a total value of $72,247.50. Following the sale, the director now owns 38,502 shares in the company, valued at $1,236,299.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David S. Murakami sold 9,478 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $31.25, for a total transaction of $296,187.50. Following the completion of the sale, the director now owns 47,387 shares in the company, valued at approximately $1,480,843.75. The disclosure for this sale can be found here. Insiders have sold 14,476 shares of company stock worth $454,475 in the last quarter. 9.80% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Strs Ohio boosted its stake in shares of Territorial Bancorp by 6.5% in the second quarter. Strs Ohio now owns 8,200 shares of the financial services provider’s stock worth $255,000 after buying an additional 500 shares during the period. First Quadrant L P CA boosted its stake in shares of Territorial Bancorp by 690.6% in the second quarter. First Quadrant L P CA now owns 29,457 shares of the financial services provider’s stock worth $919,000 after buying an additional 25,731 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Territorial Bancorp during the first quarter worth $372,000. Renaissance Technologies LLC boosted its stake in shares of Territorial Bancorp by 9.3% in the first quarter. Renaissance Technologies LLC now owns 549,600 shares of the financial services provider’s stock worth $17,131,000 after buying an additional 46,700 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Territorial Bancorp by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 412,317 shares of the financial services provider’s stock worth $12,852,000 after buying an additional 13,339 shares during the period. Institutional investors and hedge funds own 45.86% of the company’s stock.
Shares of Territorial Bancorp (NASDAQ TBNK) traded down 0.70% during mid-day trading on Wednesday, reaching $31.34. The company had a trading volume of 6,395 shares. The firm’s 50-day moving average is $31.06 and its 200 day moving average is $31.52. Territorial Bancorp has a 12 month low of $26.73 and a 12 month high of $34.00. The company has a market capitalization of $289.27 million, a price-to-earnings ratio of 17.31 and a beta of 0.29.
The business also recently declared a special dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th will be given a dividend of $0.10 per share. This represents a dividend yield of 2.53%. The ex-dividend date is Monday, July 10th. Territorial Bancorp’s dividend payout ratio is currently 44.44%.
Territorial Bancorp Company Profile
Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowings in one- to four-family residential mortgage loans and investment securities.
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