Analysts at StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK – Get Free Report) in a report released on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.
Separately, Keefe, Bruyette & Woods raised their target price on Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th.
Read Our Latest Analysis on TBNK
Territorial Bancorp Stock Down 0.3 %
Territorial Bancorp (NASDAQ:TBNK – Get Free Report) last announced 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
Several large investors have recently modified their holdings of TBNK. Acadian Asset Management LLC lifted its holdings in Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after buying an additional 2,801 shares during the period. International Assets Investment Management LLC purchased a new stake in Territorial Bancorp in the second quarter worth about $27,000. Longfellow Investment Management Co. LLC purchased a new stake in Territorial Bancorp in the second quarter worth about $37,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Territorial Bancorp in the second quarter worth about $501,000. 50.35% of the stock is 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.
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