StockNews.com Begins Coverage on Territorial Bancorp (NASDAQ:TBNK)

StockNews.com started coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report report published on Saturday morning. The firm issued a hold rating on the financial services provider’s stock.

Separately, Piper Sandler increased their price target on Territorial Bancorp from $7.00 to $8.00 and gave the stock an underweight rating in a research note on Tuesday, January 30th.

Territorial Bancorp Trading Down 1.2 %

Shares of TBNK stock opened at $8.10 on Friday. The company has a 50 day moving average of $7.91 and a 200-day moving average of $8.84. Territorial Bancorp has a 12-month low of $6.85 and a 12-month high of $14.50. The firm has a market cap of $71.52 million, a P/E ratio of 32.40 and a beta of 0.64. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.96.

Institutional Investors Weigh In On Territorial Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of TBNK. Brandywine Global Investment Management LLC boosted its holdings in Territorial Bancorp by 1.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 86,909 shares of the financial services provider’s stock valued at $790,000 after purchasing an additional 1,600 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Territorial Bancorp by 1,015.0% in the 4th quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 33,495 shares in the last quarter. Finally, White Pine Capital LLC boosted its position in shares of Territorial Bancorp by 61.1% during the 4th quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 19,245 shares during the last quarter. 50.35% of the stock is currently owned by institutional investors.

Territorial Bancorp Company Profile

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