Territorial Bancorp (NASDAQ:TBNK) Upgraded to “Neutral” at Piper Sandler

Territorial Bancorp (NASDAQ:TBNK) was upgraded by equities research analysts at Piper Sandler from an “underweight” rating to a “neutral” rating in a report released on Tuesday, Benzinga reports. The firm presently has a $8.50 price target on the financial services provider’s stock, up from their previous price target of $8.00. Piper Sandler’s price objective would indicate a potential upside of 3.66% from the company’s previous close.

Separately, StockNews.com started coverage on shares of Territorial Bancorp in a report on Saturday. They set a “hold” rating for the company.

Territorial Bancorp Stock Performance

NASDAQ:TBNK opened at $8.20 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.96. The company has a market cap of $72.41 million, a P/E ratio of 32.80 and a beta of 0.64. Territorial Bancorp has a fifty-two week low of $6.85 and a fifty-two week high of $14.50. The firm’s 50 day moving average is $7.93 and its two-hundred day moving average is $8.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TBNK. Brandywine Global Investment Management LLC lifted its stake in shares of Territorial Bancorp by 1.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 86,909 shares of the financial services provider’s stock worth $790,000 after acquiring an additional 1,600 shares during the period. White Pine Capital LLC lifted its stake 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 worth $566,000 after acquiring an additional 19,245 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Territorial Bancorp by 1,015.0% in the 4th 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 during the period. 50.35% of the stock is 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.