Territorial Bancorp (NASDAQ:TBNK) Upgraded to Neutral by Piper Sandler

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) was upgraded by stock analysts at Piper Sandler from an "underweight" rating to a "neutral" rating in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a $8.50 price objective on the financial services provider's stock, up from their prior price objective of $8.00. Piper Sandler's price objective suggests a potential upside of 4.94% from the stock's current price.

Separately, StockNews.com began coverage on Territorial Bancorp in a research note on Saturday. They set a "hold" rating on the stock.

Territorial Bancorp Stock Down 1.2 %

Shares of Territorial Bancorp stock traded down $0.10 during midday trading on Tuesday, hitting $8.10. The company's stock had a trading volume of 39,225 shares, compared to its average volume of 27,259. Territorial Bancorp has a 1-year low of $6.85 and a 1-year high of $14.50. 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 firm has a market capitalization of $71.52 million, a P/E ratio of 32.40 and a beta of 0.64. The stock has a 50-day simple moving average of $7.91 and a 200-day simple moving average of $8.84.

Hedge Funds Weigh In On Territorial Bancorp

Several institutional investors and hedge funds have recently modified their holdings of TBNK. International Assets Investment Management LLC grew 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 valued at $410,000 after buying an additional 33,495 shares in the last quarter. White Pine Capital LLC lifted its stake in Territorial Bancorp by 61.1% in the fourth quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider's stock valued at $566,000 after acquiring an additional 19,245 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its position in Territorial Bancorp by 1.9% in the third 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 in the last quarter. 50.35% of the stock is currently owned by hedge funds and other institutional investors.

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.