Territorial Bancorp Inc. (NASDAQ:TBNK) Rating Reiterated by Raymond James Financial, Inc.

Territorial Bancorp Inc. (NASDAQ:TBNK)‘s stock had its “underperform” rating reiterated by Raymond James Financial, Inc. in a note issued to investors on Thursday.

TBNK has been the topic of a number of other research reports. BidaskClub cut shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research cut shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. ValuEngine cut shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, UBS AG cut shares of Territorial Bancorp to an “underperform” rating in a research note on Thursday. Four analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Territorial Bancorp currently has a consensus rating of “Sell” and a consensus target price of $36.00.

Territorial Bancorp (NASDAQ TBNK) opened at 29.44 on Thursday. The company has a 50-day moving average price of $30.65 and a 200-day moving average price of $31.33. The company has a market cap of $272.47 million, a PE ratio of 16.17 and a beta of 0.28. Territorial Bancorp has a 1-year low of $27.73 and a 1-year high of $34.00.

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In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,250 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $32.11, for a total value of $72,247.50. Following the sale, the director now owns 38,502 shares in the company, valued at approximately $1,236,299.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.80% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in TBNK. Martingale Asset Management L P boosted its stake in shares of Territorial Bancorp by 0.3% in the first quarter. Martingale Asset Management L P now owns 31,109 shares of the financial services provider’s stock valued at $970,000 after buying an additional 97 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Territorial Bancorp by 9.3% in the first quarter. Renaissance Technologies LLC now owns 549,600 shares of the financial services provider’s stock valued at $17,131,000 after buying an additional 46,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Territorial Bancorp by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 398,978 shares of the financial services provider’s stock valued at $13,103,000 after buying an additional 11,645 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Territorial Bancorp by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 62,782 shares of the financial services provider’s stock valued at $1,957,000 after buying an additional 727 shares during the last quarter. Finally, Spark Investment Management LLC boosted its stake in shares of Territorial Bancorp by 28.4% in the first quarter. Spark Investment Management LLC now owns 12,200 shares of the financial services provider’s stock valued at $380,000 after buying an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 46.05% of the company’s stock.

About Territorial Bancorp

Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of 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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