Territorial Bancorp Inc (TBNK) was Reiterated by Compass Point to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $31 . Compass Point advised their investors in a research report released on Apr 29, 2016.
Territorial Bancorp Inc opened for trading at $26.22 and hit $26.35 on the upside on Wednesday, eventually ending the session at $26.1, with a gain of 0.19% or 0.05 points. The heightened volatility saw the trading volume jump to 31,999 shares. Company has a market cap of $252 M.
In a different news, on Oct 7, 2015, Ralph Y Nakatsuka (Vice Chairman & Co-COO) sold 3,800 shares at $26.55 per share price. According to the SEC, 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.