ValuEngine lowered shares of Territorial Bancorp (NASDAQ:TBNK) from a hold rating to a sell rating in a research note published on Tuesday morning.

Other analysts have also issued research reports about the company. BidaskClub upgraded Territorial Bancorp from a hold rating to a buy rating in a report on Thursday, June 28th. Zacks Investment Research raised Territorial Bancorp from a sell rating to a hold rating in a research report on Thursday, June 14th. Keefe, Bruyette & Woods reissued a hold rating and issued a $32.00 target price on shares of Territorial Bancorp in a research report on Friday, July 27th. Finally, Sandler O’Neill reissued a hold rating and issued a $32.00 target price on shares of Territorial Bancorp in a research report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $33.00.

Shares of TBNK opened at $29.86 on Tuesday. Territorial Bancorp has a 12 month low of $29.14 and a 12 month high of $33.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.37. The firm has a market cap of $292.68 million, a PE ratio of 16.78 and a beta of 0.25.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. Territorial Bancorp had a return on equity of 7.74% and a net margin of 21.63%. The firm had revenue of $15.74 million during the quarter, compared to analyst estimates of $16.20 million. analysts forecast that Territorial Bancorp will post 2.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 9th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.95%. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, August 8th. Territorial Bancorp’s dividend payout ratio is presently 49.44%.

In related news, Vice Chairman Ralph Y. Nakatsuka sold 6,100 shares of the company’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $30.78, for a total value of $187,758.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Allan S. Kitagawa sold 4,323 shares of the company’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $30.68, for a total value of $132,629.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,817 shares of company stock worth $455,152. 11.70% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Mackay Shields LLC purchased a new position in Territorial Bancorp in the 1st quarter valued at about $377,000. Stifel Financial Corp increased its holdings in Territorial Bancorp by 22.2% in the 1st quarter. Stifel Financial Corp now owns 79,962 shares of the financial services provider’s stock valued at $2,372,000 after purchasing an additional 14,544 shares during the last quarter. Deutsche Bank AG increased its holdings in Territorial Bancorp by 104.2% in the 4th quarter. Deutsche Bank AG now owns 25,549 shares of the financial services provider’s stock valued at $786,000 after purchasing an additional 13,040 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Territorial Bancorp in the 4th quarter valued at approximately $132,000. Finally, Millennium Management LLC acquired a new stake in Territorial Bancorp in the 1st quarter valued at approximately $326,000. 44.13% of the stock is currently owned by hedge funds and other institutional investors.

Territorial Bancorp Company Profile

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that provides various financial services to individuals, families, and businesses. The company offers a range of deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and NOW accounts.

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