Territorial Bancorp Inc. (TBNK) Given Consensus Recommendation of “Strong Sell” by Brokerages
Territorial Bancorp Inc. (NASDAQ:TBNK) has earned an average broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation.
Zacks has also given Territorial Bancorp an industry rank of 159 out of 265 based on the ratings given to related companies.
Several analysts have weighed in on the stock. UBS AG lowered shares of Territorial Bancorp to an “underperform” rating in a research note on Thursday, August 10th. BidaskClub lowered shares of Territorial Bancorp from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Territorial Bancorp in a research note on Thursday, August 10th.
Shares of Territorial Bancorp (TBNK) traded up $0.26 during trading hours on Monday, hitting $30.26. 19,954 shares of the company were exchanged, compared to its average volume of 19,643. 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 $297.83, a price-to-earnings ratio of 16.70 and a beta of 0.28. Territorial Bancorp has a fifty-two week low of $28.12 and a fifty-two week high of $34.00.
Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $15.57 million during the quarter, compared to analyst estimates of $15.90 million. Territorial Bancorp had a net margin of 24.07% and a return on equity of 7.38%. analysts forecast that Territorial Bancorp will post 1.8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, November 7th. Territorial Bancorp’s dividend payout ratio (DPR) is 44.20%.
In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,125 shares of the company’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $32.54, for a total value of $69,147.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Allan S. Kitagawa sold 4,813 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $30.00, for a total transaction of $144,390.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,928 shares of company stock valued at $424,551. Corporate insiders own 9.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of TBNK. Renaissance Technologies LLC lifted its holdings in Territorial Bancorp by 9.3% in the 1st quarter. Renaissance Technologies LLC now owns 549,600 shares of the financial services provider’s stock valued at $17,131,000 after acquiring an additional 46,700 shares during the last quarter. First Quadrant L P CA lifted its holdings in Territorial Bancorp by 690.6% in the 2nd quarter. First Quadrant L P CA now owns 29,457 shares of the financial services provider’s stock valued at $919,000 after acquiring an additional 25,731 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Territorial Bancorp by 131.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 28,192 shares of the financial services provider’s stock valued at $880,000 after acquiring an additional 15,992 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in Territorial Bancorp in the 2nd quarter valued at about $489,000. Finally, John W. Rosenthal Capital Management Inc. acquired a new stake in Territorial Bancorp in the 2nd quarter valued at about $487,000. 44.67% of the stock is owned by institutional investors.
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Territorial Bancorp Company Profile
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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