StockNews.com Begins Coverage of Territorial Bancorp (NASDAQ:TBNK)

On November 6, 2024, analysts from StockNews.com announced the initiation of coverage on shares of Territorial Bancorp (NASDAQ:TBNK). In their report to investors, they assigned a “hold” rating to the financial services provider's stock.

In a separate development, Keefe, Bruyette & Woods raised their price target for Territorial Bancorp from $9.66 to $11.27 and maintained a “market perform” rating as of August 14, 2024.

Territorial Bancorp Stock Performance

On November 6, shares of NASDAQ:TBNK opened at $10.30. The stock's 50-day moving average stands at $10.22, with its 200-day moving average at $9.07. The financial institution has a quick ratio and current ratio of 0.86, alongside a debt-to-equity ratio of 0.95. Over the past year, Territorial Bancorp's stock has reached a low of $6.90 and a high of $11.64, and currently holds a market capitalization of approximately $90.95 million, with a price-to-earnings (PE) ratio of -39.61 and a beta of 0.61.

Territorial Bancorp reported its latest earnings results on October 28, 2024, revealing an earnings per share (EPS) of ($0.15) for the quarter, which was below the consensus estimate of ($0.05) by a margin of ($0.10). The company recorded revenue of $18.93 million during the quarter. Furthermore, Territorial Bancorp exhibited a negative net margin of 3.01% and a negative return on equity of 0.90%.

Institutional Investor Activities

Recent actions by large investors concerning Territorial Bancorp's stock have been notable. Acadian Asset Management LLC increased its holdings by 3.7% during the first quarter and now owns 79,342 shares valued at $638,000, following an acquisition of an additional 2,801 shares last quarter. Moreover, International Assets Investment Management LLC entered a new position during the second quarter, valued at about $27,000, while Longfellow Investment Management Co. LLC also took a new stake valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ purchased shares worth $501,000 during the same period. Additionally, Atria Investments Inc boosted its stake by 12.7% during the third quarter, now owning 12,204 shares valued at $127,000 after adding 1,380 shares. Currently, institutional investors own 50.35% of Territorial Bancorp stock.

About Territorial Bancorp

Territorial Bancorp Inc serves as the holding company for Territorial Savings Bank, which provides a variety of financial services to individuals, families, and businesses within Hawaii. Their offerings include a range of deposit accounts such as passbook and statement savings accounts, money market accounts, commercial and regular checking accounts, Super NOW accounts, as well as certificates of deposit.

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