Territorial Bancorp (NASDAQ:TBNK) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.
TBNK has been the subject of a number of other research reports. Zacks Investment Research raised shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Sandler O’Neill reaffirmed a “hold” rating and issued a $34.00 price objective on shares of Territorial Bancorp in a report on Friday. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Territorial Bancorp in a report on Friday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.00.
Territorial Bancorp (NASDAQ:TBNK) opened at $30.46 on Tuesday. The company has a market cap of $307.47, a price-to-earnings ratio of 19.28 and a beta of 0.29. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.29. Territorial Bancorp has a 1-year low of $28.12 and a 1-year high of $33.97.
Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in shares of Territorial Bancorp by 162.2% during the third quarter. Sei Investments Co. now owns 4,365 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 2,700 shares during the period. SG Americas Securities LLC acquired a new position in shares of Territorial Bancorp during the first quarter valued at $130,000. Acrospire Investment Management LLC boosted its holdings in shares of Territorial Bancorp by 10.6% during the first quarter. Acrospire Investment Management LLC now owns 4,255 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 408 shares during the period. Bank of Montreal Can acquired a new position in shares of Territorial Bancorp during the second quarter valued at $186,000. Finally, Voya Investment Management LLC acquired a new position in shares of Territorial Bancorp during the second quarter valued at $204,000. 47.50% of the stock is owned by institutional investors.
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About Territorial Bancorp
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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