BidaskClub downgraded shares of Territorial Bancorp (NASDAQ:TBNK) from a sell rating to a strong sell rating in a research report report published on Monday morning.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research raised Territorial Bancorp from a sell rating to a hold rating in a report on Wednesday, August 29th. ValuEngine cut Territorial Bancorp from a hold rating to a sell rating in a report on Tuesday, August 28th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $32.00 price target on shares of Territorial Bancorp in a report on Friday, July 27th. Finally, Sandler O’Neill reaffirmed a hold rating and issued a $32.00 price target on shares of Territorial Bancorp in a report on Friday, July 27th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $33.00.

Shares of TBNK opened at $29.50 on Monday. Territorial Bancorp has a 52 week low of $29.03 and a 52 week high of $33.00. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $288.49 million, a PE ratio of 16.57 and a beta of 0.22.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $15.74 million during the quarter, compared to analysts’ expectations of $16.20 million. Territorial Bancorp had a return on equity of 7.74% and a net margin of 21.63%. research analysts predict that Territorial Bancorp will post 2.07 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in Territorial Bancorp by 8.6% in the 2nd quarter. Renaissance Technologies LLC now owns 652,200 shares of the financial services provider’s stock worth $20,218,000 after purchasing an additional 51,600 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Territorial Bancorp by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 519,596 shares of the financial services provider’s stock valued at $16,108,000 after acquiring an additional 39,332 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Territorial Bancorp by 3.2% during the second quarter. BlackRock Inc. now owns 439,807 shares of the financial services provider’s stock valued at $13,634,000 after acquiring an additional 13,751 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its holdings in shares of Territorial Bancorp by 63.2% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 107,926 shares of the financial services provider’s stock valued at $3,346,000 after acquiring an additional 41,792 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Territorial Bancorp by 5.6% during the second quarter. Northern Trust Corp now owns 89,834 shares of the financial services provider’s stock valued at $2,785,000 after acquiring an additional 4,781 shares during the last quarter. 44.12% of the stock is owned by institutional investors.

About Territorial Bancorp

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that provides various financial services to individuals, families, and businesses. The company offers a range of deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and NOW accounts.

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