Territorial Bancorp Inc. (NASDAQ:TBNK) Shares Acquired by White Pine Capital LLC

White Pine Capital LLC increased its holdings in Territorial Bancorp Inc. (NASDAQ:TBNK) by 61.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 50,723 shares of the financial services provider’s stock after buying an additional 19,245 shares during the period. White Pine Capital LLC owned about 0.57% of Territorial Bancorp worth $566,000 as of its most recent filing with the SEC.

Separately, Brandywine Global Investment Management LLC boosted its holdings 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 valued at $790,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 50.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TBNK. Piper Sandler lifted their price target on shares of Territorial Bancorp from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Tuesday, January 30th. StockNews.com began coverage on shares of Territorial Bancorp in a research report on Friday. They issued a “hold” rating on the stock.

Territorial Bancorp Stock Performance

NASDAQ:TBNK traded down $0.07 during mid-day trading on Friday, hitting $7.07. The stock had a trading volume of 9,691 shares, compared to its average volume of 7,743. The stock has a market capitalization of $62.41 million, a price-to-earnings ratio of 12.40 and a beta of 0.65. The company has a 50 day simple moving average of $8.10 and a 200-day simple moving average of $8.87. Territorial Bancorp Inc. has a 52 week low of $6.85 and a 52 week high of $17.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.96.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $18.29 million during the quarter, compared to the consensus estimate of $10.31 million. Territorial Bancorp had a net margin of 7.03% and a return on equity of 2.00%. On average, research analysts expect that Territorial Bancorp Inc. will post 0.2 earnings per share for the current fiscal year.

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.