StockNews.com Initiates Coverage on Territorial Bancorp (NASDAQ:TBNK)

Research analysts at StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Piper Sandler boosted their price objective on shares of Territorial Bancorp from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th.

Territorial Bancorp Stock Performance

Shares of NASDAQ:TBNK opened at $8.09 on Friday. The company has a market cap of $71.43 million, a price-to-earnings ratio of 32.36 and a beta of 0.64. Territorial Bancorp has a 12 month low of $6.85 and a 12 month high of $14.50. The company has a 50-day moving average price of $7.95 and a 200-day moving average price of $8.84. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96.

Institutional Trading of Territorial Bancorp

Several large investors have recently added to or reduced their stakes in TBNK. International Assets Investment Management LLC grew its position in Territorial Bancorp by 1,015.0% in the fourth quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 33,495 shares in the last quarter. White Pine Capital LLC boosted its holdings in shares of Territorial Bancorp by 61.1% in the 4th quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock valued at $566,000 after buying an additional 19,245 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its stake in Territorial Bancorp by 1.9% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 86,909 shares of the financial services provider’s stock worth $790,000 after buying an additional 1,600 shares during the last quarter. 50.35% of the stock is currently owned by institutional investors.

About Territorial Bancorp

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.