Territorial Bancorp (NASDAQ:TBNK) Stock Price Passes Above 200 Day Moving Average of $20.83

Shares of Territorial Bancorp Inc. (NASDAQ:TBNKGet Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.83 and traded as high as $22.29. Territorial Bancorp shares last traded at $22.00, with a volume of 17,764 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TBNK shares. Compass Point reduced their price objective on Territorial Bancorp to $28.00 in a research report on Tuesday, November 1st. StockNews.com assumed coverage on Territorial Bancorp in a research report on Wednesday, October 26th. They set a “hold” rating for the company. Finally, Piper Sandler reduced their price target on Territorial Bancorp to $18.00 in a research report on Friday, September 30th.

Territorial Bancorp Stock Up 2.2 %

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a 50-day moving average of $19.74 and a 200 day moving average of $20.84. The stock has a market capitalization of $204.79 million, a price-to-earnings ratio of 11.96 and a beta of 0.57.

Territorial Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, November 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $0.92 annualized dividend and a yield of 4.09%. Territorial Bancorp’s dividend payout ratio is 48.94%.

Institutional Trading of Territorial Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. raised its stake in Territorial Bancorp by 3.7% in the third quarter. Alliancebernstein L.P. now owns 402,584 shares of the financial services provider’s stock valued at $7,464,000 after buying an additional 14,549 shares during the period. Brandywine Global Investment Management LLC increased its stake in shares of Territorial Bancorp by 5.8% during the third quarter. Brandywine Global Investment Management LLC now owns 103,209 shares of the financial services provider’s stock worth $1,913,000 after purchasing an additional 5,665 shares during the period. Teton Advisors Inc. increased its stake in shares of Territorial Bancorp by 17.6% during the third quarter. Teton Advisors Inc. now owns 30,000 shares of the financial services provider’s stock worth $556,000 after purchasing an additional 4,500 shares during the period. White Pine Capital LLC increased its stake in shares of Territorial Bancorp by 374.7% during the third quarter. White Pine Capital LLC now owns 51,766 shares of the financial services provider’s stock worth $960,000 after purchasing an additional 40,862 shares during the period. Finally, Regency Capital Management Inc. DE increased its stake in shares of Territorial Bancorp by 41.9% during the second quarter. Regency Capital Management Inc. DE now owns 8,727 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 2,577 shares during the period. Institutional investors own 43.43% of the company’s stock.

Territorial Bancorp Company Profile

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Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that provides 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 accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and Super NOW accounts.

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