Keefe Bruyette & Woods Maintains Territorial Bancorp Inc to Market Perform with Price Target $27.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Territorial Bancorp Inc(NASDAQ:TBNK). In a research note issued to the investors, the brokerage major Raises the price-target to $27.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 1, 2016.

Territorial Bancorp Inc (TBNK) shares turned negative on Mondays trading session with the shares closing down -0.19 points or -0.67% at a volume of 12,277. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.54. The peak price level was also seen at $28.54 while the days lowest was $28.09. Finally the shares closed at $28.28. The 52-week high of the shares is $29.44 while the 52-week low is $24.87. According to the latest information available, the market cap of the company is $273 M.

Territorial Bancorp Inc has also declared a cash dividend of $0.1800 on Jul 29, 2016. The shares will quote ex-dividend on Aug 10, 2016 and the record date has been fixed on Aug 12, 2016. The dividend payable date has been fixed on Aug 26, 2016.

Territorial Bancorp Inc(TBNK) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $15.73M. Analysts had an estimated revenue of $15.61M. Earnings per share were $0.43. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Oct 7, 2015, Ralph Y Nakatsuka (Vice Chairman & Co-COO) sold 3,800 shares at $26.55 per share price.Also, On Oct 7, 2015, Allan S Kitagawa (Chairman, President and CEO) sold 8,945 shares at $26.50 per share price.On Sep 16, 2015, Kirk W Caldwell (director) sold 4,479 shares at $26.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Territorial Bancorp Inc. is a bank holding company. The Company owns 100% of the common stock of Territorial Savings Bank. Territorial Savings Bank provides financial services to individuals families and businesses through its 28 banking offices located throughout the State of Hawaii. Territorial Savings Bank’s 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. Territorial Savings Bank offers a variety of deposit accounts including passbook and statement savings accounts certificates of deposit (CDs) money market accounts commercial and regular checking accounts and Super NOW (negotiable order of withdrawal) accounts. Through its subsidiary Territorial Financial Services Inc. Territorial Savings Bank engages in insurance agency activities. It also offers annuities and mutual funds.

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