BidaskClub upgraded shares of Territorial Bancorp (NASDAQ:TBNK) from a strong sell rating to a sell rating in a report released on Thursday.
A number of other research firms have also issued reports on TBNK. ValuEngine upgraded Territorial Bancorp from a hold rating to a buy rating in a research report on Wednesday, March 7th. Keefe, Bruyette & Woods restated a hold rating and issued a $33.00 price target on shares of Territorial Bancorp in a research report on Tuesday, February 27th. Zacks Investment Research lowered Territorial Bancorp from a buy rating to a hold rating in a research report on Wednesday, February 14th. Finally, Sandler O’Neill restated a hold rating and issued a $34.00 price target on shares of Territorial Bancorp in a research report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $34.00.
Shares of Territorial Bancorp (NASDAQ TBNK) opened at $30.76 on Thursday. Territorial Bancorp has a 52 week low of $28.12 and a 52 week high of $33.47. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $304.99, a P/E ratio of 17.18 and a beta of 0.26.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.60%. Territorial Bancorp’s dividend payout ratio (DPR) is presently 50.63%.
In other news, Director Howard Y. Ikeda sold 3,736 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $30.59, for a total value of $114,284.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.10% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBNK. Ramsey Quantitative Systems acquired a new position in Territorial Bancorp in the fourth quarter valued at approximately $112,000. MetLife Investment Advisors LLC acquired a new position in Territorial Bancorp in the fourth quarter valued at approximately $132,000. SG Americas Securities LLC acquired a new position in Territorial Bancorp in the third quarter valued at approximately $190,000. Voya Investment Management LLC acquired a new position in Territorial Bancorp in the second quarter valued at approximately $204,000. Finally, Alpine Woods Capital Investors LLC acquired a new position in Territorial Bancorp in the third quarter valued at approximately $253,000. Hedge funds and other institutional investors own 45.84% of the company’s stock.
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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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