BidaskClub upgraded shares of Territorial Bancorp (NASDAQ:TBNK) from a sell rating to a hold rating in a research report released on Friday.

Several other analysts have also weighed in on TBNK. Zacks Investment Research lowered shares of Territorial Bancorp from a hold rating to a sell rating in a research note on Saturday, October 6th. Sandler O’Neill reiterated a hold rating and issued a $32.00 price objective on shares of Territorial Bancorp in a research note on Friday, July 27th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $32.00 price objective on shares of Territorial Bancorp in a research note on Friday, July 27th. Finally, ValuEngine lowered shares of Territorial Bancorp from a hold rating to a sell rating in a research note on Tuesday, August 28th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of Hold and an average target price of $33.00.

Shares of NASDAQ:TBNK traded down $0.44 during mid-day trading on Friday, hitting $28.55. The company had a trading volume of 17,812 shares, compared to its average volume of 15,914. The firm has a market capitalization of $287.81 million, a P/E ratio of 16.04 and a beta of 0.22. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.37. Territorial Bancorp has a one year low of $28.40 and a one year high of $33.00.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of TBNK. Renaissance Technologies LLC grew its position in Territorial Bancorp by 8.6% in the 2nd quarter. Renaissance Technologies LLC now owns 652,200 shares of the financial services provider’s stock valued at $20,218,000 after purchasing an additional 51,600 shares during the period. Dalton Greiner Hartman Maher & Co. grew its position in Territorial Bancorp by 63.2% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 107,926 shares of the financial services provider’s stock valued at $3,346,000 after purchasing an additional 41,792 shares during the period. Dimensional Fund Advisors LP grew its position in Territorial Bancorp by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 519,596 shares of the financial services provider’s stock valued at $16,108,000 after purchasing an additional 39,332 shares during the period. Stifel Financial Corp grew its position 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 period. Finally, BlackRock Inc. grew its position in Territorial Bancorp by 3.2% in the 2nd quarter. BlackRock Inc. now owns 439,807 shares of the financial services provider’s stock valued at $13,634,000 after purchasing an additional 13,751 shares during the period. 44.12% of the stock is owned by institutional investors and hedge funds.

About Territorial Bancorp

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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