StockNews.com started coverage on shares of Territorial Bancorp (NASDAQ:TBNK – Free Report) in a research report report published on Friday. The firm issued a hold rating on the financial services provider’s stock.
Separately, Piper Sandler upped their price objective on shares of Territorial Bancorp from $7.00 to $8.00 and gave the company an underweight rating in a research note on Tuesday, January 30th.
Read Our Latest Analysis on Territorial Bancorp
Territorial Bancorp Trading Down 1.0 %
Territorial Bancorp (NASDAQ:TBNK – Get Free Report) last released its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Territorial Bancorp had a return on equity of 2.00% and a net margin of 7.03%. The company had revenue of $18.29 million for the quarter, compared to analyst estimates of $10.31 million. Research analysts forecast that Territorial Bancorp will post 0.2 earnings per share for the current year.
Institutional Trading of Territorial Bancorp
Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew its stake in shares of Territorial Bancorp by 1,015.0% in the 4th quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock valued at $410,000 after buying an additional 33,495 shares during the period. White Pine Capital LLC grew its stake in shares of Territorial Bancorp by 61.1% in the 4th quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock valued at $566,000 after buying an additional 19,245 shares during the period. Finally, Brandywine Global Investment Management LLC grew its stake in shares of Territorial Bancorp by 1.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 86,909 shares of the financial services provider’s stock valued at $790,000 after buying an additional 1,600 shares during the period. Hedge funds and other institutional investors own 50.35% of the company’s stock.
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.
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