Territorial Bancorp Inc. (TBNK) Stock Rating Upgraded by Zacks Investment Research

Territorial Bancorp Inc. (NASDAQ:TBNK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Territorial Bancorp, Inc. intends to operate as the bank holding company for Territorial Savings Bank, a federally chartered, FDIC-insured savings bank, which provides financial services to individuals, families, and businesses. Territorial Savings Bank accepts deposits; originates home equity loans and lines of credit, construction, commercial and other non-residential real estate loans, consumer loans, multi-family mortgage loans, and other loans; offers various deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and Super NOW accounts; engages in insurance agency activities; and provides various non-deposit investments, such as annuities and mutual funds through a third-party broker-dealer. Territorial Bancorp, Inc. is based in Honolulu, Hawaii with banking offices located throughout the State of Hawaii. “

TBNK has been the topic of several other research reports. BidaskClub upgraded shares of Territorial Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. ValuEngine cut shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Territorial Bancorp in a report on Thursday, August 10th. Finally, UBS AG cut shares of Territorial Bancorp to an “underperform” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Territorial Bancorp has a consensus rating of “Sell” and a consensus price target of $36.00.

Shares of Territorial Bancorp (NASDAQ TBNK) opened at 29.40 on Wednesday. Territorial Bancorp has a 1-year low of $27.73 and a 1-year high of $34.00. The stock has a 50 day moving average of $29.83 and a 200-day moving average of $30.86. The company has a market capitalization of $272.45 million, a price-to-earnings ratio of 16.07 and a beta of 0.28.

TRADEMARK VIOLATION WARNING: “Territorial Bancorp Inc. (TBNK) Stock Rating Upgraded by Zacks Investment Research” was first published by Week Herald and is owned by of Week Herald. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://weekherald.com/2017/09/08/territorial-bancorp-inc-tbnk-stock-rating-upgraded-by-zacks-investment-research.html.

In related news, Chairman Allan S. Kitagawa sold 4,813 shares of Territorial Bancorp stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $30.00, for a total value of $144,390.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 9.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in TBNK. Teachers Advisors LLC boosted its holdings in Territorial Bancorp by 16.0% in the fourth quarter. Teachers Advisors LLC now owns 13,218 shares of the financial services provider’s stock valued at $434,000 after acquiring an additional 1,820 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in Territorial Bancorp by 15.0% in the first quarter. Nationwide Fund Advisors now owns 57,616 shares of the financial services provider’s stock valued at $1,796,000 after acquiring an additional 7,503 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Territorial Bancorp by 70.6% in the first quarter. Wells Fargo & Company MN now owns 14,258 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 5,901 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Territorial Bancorp by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 62,782 shares of the financial services provider’s stock valued at $1,957,000 after acquiring an additional 727 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its holdings in Territorial Bancorp by 10.6% in the first quarter. Acrospire Investment Management LLC now owns 4,255 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 408 shares in the last quarter. Institutional investors and hedge funds own 45.97% of the company’s stock.

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.




Receive News & Ratings for Territorial Bancorp Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Territorial Bancorp Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

nine − three =