Research analysts at StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK – Get Free Report) in a research report issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.
Separately, Keefe, Bruyette & Woods boosted their price target on shares of Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a research report on Wednesday, August 14th.
Check Out Our Latest Stock Report on Territorial Bancorp
Territorial Bancorp Trading Up 4.2 %
Territorial Bancorp (NASDAQ:TBNK – Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%. The company had revenue of $8.90 million for the quarter, compared to the consensus estimate of $8.96 million.
Institutional Trading of Territorial Bancorp
Hedge funds and other institutional investors have recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Territorial Bancorp during the second quarter worth approximately $501,000. Longfellow Investment Management Co. LLC acquired a new stake in Territorial Bancorp in the second quarter worth about $37,000. International Assets Investment Management LLC bought a new stake in Territorial Bancorp during the 2nd quarter worth about $27,000. Finally, Acadian Asset Management LLC lifted its position in Territorial Bancorp by 3.7% during the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 2,801 shares during the period. 50.35% of the stock is currently owned by institutional investors and hedge funds.
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.
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