Territorial Bancorp downgraded by Piper Sandler with a new price target
$TBNK
Savings Institutions
Finance
Piper Sandler downgraded Territorial Bancorp from Neutral to Underweight and set a new price target of $24.00 from $27.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/2/2022 | $27.00 → $24.00 | Neutral → Underweight | Piper Sandler |
8-K - Territorial Bancorp Inc. (0001447051) (Filer)
DEFA14A - Territorial Bancorp Inc. (0001447051) (Filer)
8-K - Territorial Bancorp Inc. (0001447051) (Filer)
HONOLULU, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") announced that its shareholders voted to approve the Company's proposed merger with Hope Bancorp, Inc. ("Hope Bancorp") (NASDAQ:HOPE) at the Special Meeting of Territorial Stockholders held today. Territorial shareholders' support for the Hope Bancorp merger underscores the value it delivers and the benefits it creates for customers, employees and communities across Hawai‘i. Through this all-stock merger, Territorial shareholders will be able to participate in the significant upside value creation of a scaled, more diversified regional bank with an attractive dividend and co
Hope Cannot Walk Away if Board Allows Investors to Perform Due Diligence Hope Can Only Walk Away if Board Changes Recommendation or Breaches Merger Agreement Calls on Board to Exercise Risk-Free Option to Explore Potentially Superior Offer Encourages Territorial Shareholders to Force Another Postponement by Voting AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 Responds to Illogical Board Excuses for not Engaging with Investors HONOLULU, Oct. 29, 2024 /PRNewswire/ -- Blue Hill Advisors today issued the following open letter to shareholders of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ:TBNK). Dear Fellow Territorial Sharehol
HONOLULU, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") today announced that the Company's Board of Directors has reaffirmed its recommendation that Territorial shareholders vote "FOR" the merger with Hope Bancorp, Inc. ("Hope Bancorp") (NASDAQ:HOPE) at the November 6, 2024, Special Meeting of Stockholders. On October 25, 2024, Territorial received additional information from Blue Hill Advisors ("Blue Hill") with respect to its preliminary indication of interest to acquire the Company. Territorial's Board of Directors (the "Territorial Board"), with the assistance of its legal and financial advisors, over the course of sever
HONOLULU, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") today announced that the Company's Board of Directors has reaffirmed its recommendation that Territorial shareholders vote "FOR" the merger with Hope Bancorp, Inc. ("Hope Bancorp") (NASDAQ:HOPE) at the November 6, 2024, Special Meeting of Stockholders. On October 25, 2024, Territorial received additional information from Blue Hill Advisors ("Blue Hill") with respect to its preliminary indication of interest to acquire the Company. Territorial's Board of Directors (the "Territorial Board"), with the assistance of its legal and financial advisors, over the course of sever
Hope Bancorp, Inc. (the "Company") (NASDAQ:HOPE), the holding company of Bank of Hope (the "Bank"), today reported unaudited financial results for its third quarter and nine months ended September 30, 2024. For the three months ended September 30, 2024, net income totaled $24.2 million, or $0.20 per diluted common share. This compares with net income of $25.3 million, or $0.21 per diluted common share, in the second quarter of 2024. Excluding notable items(1), net income for the 2024 third quarter was $25.2 million, or $0.21 per diluted common share. "We are pleased to see a higher level of productivity from our banking teams, along with the continued success of our core deposit gathering
The Company's tier one leverage and risk-based capital ratios were 11.57% and 29.07%, respectively, and the Company is considered to be "well-capitalized" at September 30, 2024.Ratio of non-performing assets to total assets of 0.11% at September 30, 2024. HONOLULU, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, reported a net loss of $1,318,000, or $0.15 per diluted share, for the three months ended September 30, 2024. The Board of Directors approved a dividend of $0.01 per share. The dividend is expected to be paid on November 22
Piper Sandler downgraded Territorial Bancorp from Neutral to Underweight and set a new price target of $24.00 from $27.00 previously
Keefe, Bruyette & Woods analyst Kelly Motta maintains Territorial Bancorp (NASDAQ:TBNK) with a Market Perform and lowers the price target from $10 to $9.66.
Piper Sandler analyst Andrew Liesch upgrades Territorial Bancorp (NASDAQ:TBNK) from Underweight to Neutral and raises the price target from $8 to $8.5.
Territorial Bancorp (NASDAQ:TBNK) reported quarterly losses of $(0.06) per share which missed the analyst consensus estimate of $0.02 by 400 percent. This is a 123.08 percent decrease over earnings of $0.26 per share from the same period last year.
4 - Territorial Bancorp Inc. (0001447051) (Issuer)
4 - Territorial Bancorp Inc. (0001447051) (Issuer)
4 - Territorial Bancorp Inc. (0001447051) (Issuer)
SC 13G - Territorial Bancorp Inc. (0001447051) (Subject)
SC 13G - Territorial Bancorp Inc. (0001447051) (Subject)
SC 13G - Territorial Bancorp Inc. (0001447051) (Subject)
Glass Lewis Recognizes the Value Creation and Additional Upside that the Hope Bancorp Merger Provides to Territorial Shareholders Glass Lewis Acknowledges the Substantial Concerns and Risks Posed by Blue Hill's Secrecy, Lack of Transparency and the Absence of Crucial, Material Information Glass Lewis Agrees with Board's Decision Not to Consider the Blue Hill Preliminary Indication of Interest a Superior Proposal Territorial Board Urges Shareholders to Follow the Recommendations from Glass Lewis and ISS and Vote "FOR" the Hope Bancorp Merger TODAY HONOLULU, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") today announced that lea
HONOLULU, Hawaii, May 16, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc., (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces the results of its 2024 Annual Meeting of Stockholders held on May 16, 2024. Two members of the Board of Directors, Allan S. Kitagawa and John M. Ohama were each elected to serve for a three-year term. Stockholders also ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2024, and approved the Company's compensation of named executive officers on an advisory basis. Territorial Savings Bank i
HONOLULU, May 18, 2023 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc., (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces the results of its 2023 Annual Meeting of Stockholders held on May 18, 2023. Two members of the Board of Directors, Howard Y. Ikeda and Jan M. Sam were each elected to serve for a three-year term. Stockholders also ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for the Company for the year ending December 31, 2023, approved the Company's compensation of named executive officers on an advisory basis and recommended an annual vote on executive c