Equities research analysts at StockNews.com started coverage on shares of Territorial Bancorp (NASDAQ:TBNK – Get Free Report) in a research report issued on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.
Separately, Keefe, Bruyette & Woods upped their target price 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.
View Our Latest Stock Report on TBNK
Territorial Bancorp Stock Down 2.0 %
Territorial Bancorp (NASDAQ:TBNK – Get Free Report) last posted its earnings results on Friday, July 26th. The financial services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The business had revenue of $8.90 million during the quarter, compared to analysts’ expectations of $8.96 million. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.
Institutional Investors Weigh In On Territorial Bancorp
Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its holdings in shares of Territorial Bancorp by 3.7% during the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 2,801 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Territorial Bancorp in the 2nd quarter valued at about $27,000. Longfellow Investment Management Co. LLC purchased a new position in Territorial Bancorp during the 2nd quarter worth approximately $37,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp during the second quarter worth approximately $501,000. Hedge funds and other institutional investors own 50.35% of the company’s stock.
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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