Shares of Territorial Bancorp Inc. (NASDAQ:TBNK) have received an average broker rating score of 2.33 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a twelve-month consensus price objective of $29.50 for the company and are forecasting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also given Territorial Bancorp an industry rank of 112 out of 265 based on the ratings given to related companies.
A number of brokerages recently commented on TBNK. Zacks Investment Research lowered shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Keefe, Bruyette & Woods upped their price target on shares of Territorial Bancorp from $26.00 to $27.00 and gave the company a “market perform” rating in a research note on Monday, August 1st.
In other news, Chairman Allan S. Kitagawa sold 13,088 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $28.49, for a total transaction of $372,877.12. Following the completion of the sale, the chairman now directly owns 109,212 shares in the company, valued at $3,111,449.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director David S. Murakami sold 4,000 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $29.07, for a total transaction of $116,280.00. Following the sale, the director now owns 27,464 shares of the company’s stock, valued at $798,378.48. The disclosure for this sale can be found here. Insiders own 9.80% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Advisors LLC boosted its stake in Territorial Bancorp by 17.3% in the second quarter. BlackRock Advisors LLC now owns 5,609 shares of the financial services provider’s stock valued at $148,000 after buying an additional 829 shares during the period. Bank of Montreal Can purchased a new stake in Territorial Bancorp during the second quarter valued at $186,000. Strs Ohio boosted its stake in Territorial Bancorp by 8.1% in the second quarter. Strs Ohio now owns 8,000 shares of the financial services provider’s stock valued at $211,000 after buying an additional 600 shares during the period. PNC Financial Services Group Inc. boosted its stake in Territorial Bancorp by 4.0% in the second quarter. PNC Financial Services Group Inc. now owns 11,822 shares of the financial services provider’s stock valued at $312,000 after buying an additional 455 shares during the period. Finally, Teachers Advisors Inc. boosted its stake in Territorial Bancorp by 11.8% in the second quarter. Teachers Advisors Inc. now owns 13,133 shares of the financial services provider’s stock valued at $348,000 after buying an additional 1,386 shares during the period. Institutional investors own 43.02% of the company’s stock.
Territorial Bancorp (NASDAQ:TBNK) opened at 28.84 on Tuesday. The stock’s 50 day moving average price is $28.77 and its 200 day moving average price is $27.05. The company has a market capitalization of $261.03 million, a price-to-earnings ratio of 17.59 and a beta of 0.24. Territorial Bancorp has a 12-month low of $24.87 and a 12-month high of $29.44.
Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Friday, July 29th. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.02. Territorial Bancorp had a net margin of 21.86% and a return on equity of 6.86%. On average, equities research analysts anticipate that Territorial Bancorp will post $1.73 earnings per share for the current fiscal year.
About Territorial Bancorp
Territorial Bancorp Inc is a bank holding company. The Company owns Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its approximately 30 banking offices located throughout the State of Hawaii. Its business consists 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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