5 Oversold Bank Stocks To Buy

2. Territorial Bancorp Inc. (NASDAQ:TBNK)

Latest RSI Reading: 38.23

Territorial Bancorp Inc. (NASDAQ:TBNK) is a Hawaiian bank serving both retail customers and businesses. Piper Sandler, which has covered the stock since 2020, rated the shares as Underweight in July 2023 which is perhaps unsurprising since it’s been three quarters since Territorial Bancorp Inc. (NASDAQ:TBNK) beat quarterly analyst EPS estimates.

As of March 2023, six of the 943 hedge funds part of Insider Monkey’s database had bought Territorial Bancorp Inc. (NASDAQ:TBNK)’s shares. Out of these, the bank’s largest investor is Jim Simons’ Renaissance Technologies due to its $9.3 million investment.

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