Zacks Investment Research upgraded shares of Territorial Bancorp Inc. (NASDAQ:TBNK) from a sell rating to a hold rating in a report issued on Tuesday.

According to Zacks, “Territorial Bancorp, Inc. intends to operate as the bank holding company for Territorial Savings Bank, a federally chartered, FDIC-insured savings bank, which provides financial services to individuals, families, and businesses. Territorial Savings Bank accepts deposits; originates home equity loans and lines of credit, construction, commercial and other non-residential real estate loans, consumer loans, multi-family mortgage loans, and other loans; offers various deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and Super NOW accounts; engages in insurance agency activities; and provides various non-deposit investments, such as annuities and mutual funds through a third-party broker-dealer. Territorial Bancorp, Inc. is based in Honolulu, Hawaii with banking offices located throughout the State of Hawaii. “

Several other research firms have also commented on TBNK. ValuEngine lowered Territorial Bancorp from a buy rating to a hold rating in a research report on Tuesday, June 27th. BidaskClub downgraded Territorial Bancorp from a hold rating to a sell rating in a research report on Thursday, July 13th. Raymond James Financial, Inc. reaffirmed an underperform rating on shares of Territorial Bancorp in a research report on Thursday, August 10th. Finally, UBS AG downgraded shares of Territorial Bancorp to an underperform rating in a report on Thursday, August 10th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company currently has an average rating of Sell and an average price target of $36.00.

Territorial Bancorp (NASDAQ TBNK) traded up 0.31% during midday trading on Tuesday, reaching $31.99. 3,077 shares of the company traded hands. The stock has a market capitalization of $296.45 million, a P/E ratio of 17.48 and a beta of 0.29. Territorial Bancorp has a one year low of $27.73 and a one year high of $34.00. The company has a 50 day moving average price of $30.03 and a 200-day moving average price of $30.65.

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In related news, General Counsel Vernon Hirata sold 1,900 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $30.52, for a total transaction of $57,988.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Allan S. Kitagawa sold 4,813 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $30.00, for a total transaction of $144,390.00. The disclosure for this sale can be found here. Insiders sold 11,803 shares of company stock valued at $355,403 over the last quarter. Company insiders own 9.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Territorial Bancorp in the first quarter valued at approximately $130,000. Sei Investments Co. lifted its position in Territorial Bancorp by 4.6% during the first quarter. Sei Investments Co. now owns 4,822 shares of the financial services provider’s stock worth $150,000 after buying an additional 213 shares in the last quarter. Voya Investment Management LLC purchased a new position in Territorial Bancorp during the second quarter worth approximately $204,000. Strs Ohio lifted its position in Territorial Bancorp by 6.5% during 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 in the last quarter. Finally, Oxford Asset Management acquired a new position in Territorial Bancorp during the first quarter worth $272,000. Institutional investors and hedge funds own 45.97% of the company’s stock.

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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