Territorial Bancorp (NASDAQ:TBNK) Downgraded to Sell at BidaskClub

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BidaskClub cut shares of Territorial Bancorp (NASDAQ:TBNK) from a hold rating to a sell rating in a research report report published on Tuesday morning, BidAskClub reports.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Territorial Bancorp from a hold rating to a buy rating and set a $32.00 price target for the company in a research note on Saturday, April 13th. ValuEngine raised shares of Territorial Bancorp from a sell rating to a hold rating in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $32.00.

TBNK stock opened at $27.78 on Tuesday. Territorial Bancorp has a 12 month low of $24.96 and a 12 month high of $31.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $267.80 million, a P/E ratio of 13.68 and a beta of 0.49.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.20. Territorial Bancorp had a net margin of 26.26% and a return on equity of 8.86%. The firm had revenue of $18.28 million during the quarter, compared to analysts’ expectations of $15.70 million. As a group, research analysts expect that Territorial Bancorp will post 2.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, May 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.17%. Territorial Bancorp’s dividend payout ratio is presently 43.35%.

In other Territorial Bancorp news, Vice Chairman Ralph Y. Nakatsuka sold 5,025 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $28.63, for a total value of $143,865.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Vernon Hirata sold 3,500 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $27.26, for a total transaction of $95,410.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,726 shares of company stock valued at $383,065. 10.80% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its stake in shares of Territorial Bancorp by 514.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,629 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,364 shares in the last quarter. Metropolitan Life Insurance Co. NY bought a new position in shares of Territorial Bancorp in the 4th quarter valued at approximately $75,000. Dimensional Fund Advisors LP raised its stake in shares of Territorial Bancorp by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 556,078 shares of the financial services provider’s stock valued at $14,447,000 after acquiring an additional 20,139 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Territorial Bancorp by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 72,874 shares of the financial services provider’s stock valued at $1,893,000 after acquiring an additional 4,030 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Territorial Bancorp by 0.9% in the 4th quarter. Acadian Asset Management LLC now owns 202,930 shares of the financial services provider’s stock valued at $5,273,000 after acquiring an additional 1,836 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Territorial Bancorp Company Profile

Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in 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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