Territorial Bancorp (NASDAQ:TBNK) Downgraded by BidaskClub

Territorial Bancorp (NASDAQ:TBNK) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, BidAskClub reports.

Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th. Raymond James upgraded shares of Territorial Bancorp from an “underperform” rating to a “market perform” rating in a research report on Monday, July 29th.

TBNK stock opened at $28.35 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.98. Territorial Bancorp has a 1-year low of $24.96 and a 1-year high of $31.44. The firm has a fifty day moving average price of $28.10 and a two-hundred day moving average price of $28.34. The firm has a market cap of $273.33 million, a price-to-earnings ratio of 13.97 and a beta of 0.58.

Territorial Bancorp (NASDAQ:TBNK) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.04. Territorial Bancorp had a net margin of 25.94% and a return on equity of 8.83%. The firm had revenue of $15.94 million during the quarter, compared to analyst estimates of $15.70 million. As a group, analysts expect that Territorial Bancorp will post 2.21 EPS for the current fiscal year.

In other news, Director David S. Murakami sold 3,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $28.80, for a total transaction of $86,400.00. Following the completion of the transaction, the director now owns 28,900 shares in the company, valued at $832,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Allan S. Kitagawa sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $29.01, for a total transaction of $145,050.00. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC bought a new position in shares of Territorial Bancorp during the second quarter worth about $150,000. Bank of Montreal Can grew its position in Territorial Bancorp by 13.6% in the 2nd quarter. Bank of Montreal Can now owns 6,996 shares of the financial services provider’s stock valued at $216,000 after buying an additional 838 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Territorial Bancorp in the 2nd quarter valued at about $378,000. Seizert Capital Partners LLC grew its position in Territorial Bancorp by 72.5% in the 2nd quarter. Seizert Capital Partners LLC now owns 14,597 shares of the financial services provider’s stock valued at $451,000 after buying an additional 6,137 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Territorial Bancorp by 16.6% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 16,170 shares of the financial services provider’s stock valued at $500,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 46.52% of the company’s stock.

Territorial Bancorp Company Profile

Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in 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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