KBW Reaffirms Their Hold Rating on Territorial Bancorp

By Carrie Williams

KBW analyst Jacquelynne Bohlen reiterated a Hold rating on Territorial Bancorp (NASDAQ: TBNK) yesterday and set a price target of $32. The company’s shares closed yesterday at $30.50.

According to TipRanks.com, Bohlen is a 4-star analyst with an average return of 10.7% and a 68.6% success rate. Bohlen covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, Pacific Premier Bancorp Inc, and Pacific Mercantile Bancorp.

Territorial Bancorp has an analyst consensus of Moderate Sell, with a price target consensus of $32, implying a 4.9% upside from current levels. In a report released yesterday, Sandler O’Neill also reiterated a Hold rating on the stock with a $32 price target.

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Based on Territorial Bancorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $4.96 million. In comparison, last year the company had a net profit of $4.3 million.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock.

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Territorial Bancorp, Inc. operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans and investment securities. It operates through the following portfolio segments: Residential Mortgage; Construction, Commercial and Other Mortgage Loans; Home Equity Loans and Lines of Credit; and Consumer and Other. It also offers deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial, and regular checking accounts. The company was founded on November 3, 2008 and is headquartered in Honolulu, HI.