Territorial Bancorp (NASDAQ:TBNK) Now Covered by StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a note issued to investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a research note on Wednesday, August 14th.

Territorial Bancorp Stock Performance

NASDAQ:TBNK opened at $10.10 on Tuesday. The company has a market cap of $89.20 million, a price-to-earnings ratio of 40.40 and a beta of 0.61. Territorial Bancorp has a fifty-two week low of $6.85 and a fifty-two week high of $11.64. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a fifty day moving average price of $9.46 and a 200-day moving average price of $8.45.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $8.90 million for the quarter, compared to the consensus estimate of $8.96 million. Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%.

Institutional Trading of Territorial Bancorp

A number of hedge funds have recently added to or reduced their stakes in TBNK. Acadian Asset Management LLC boosted its stake in shares of Territorial Bancorp by 3.7% during the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 2,801 shares in the last quarter. International Assets Investment Management LLC boosted its position in Territorial Bancorp by 1,015.0% during the 4th quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock worth $410,000 after buying an additional 33,495 shares during the period. Longfellow Investment Management Co. LLC acquired a new stake in Territorial Bancorp during the 2nd quarter worth approximately $37,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Territorial Bancorp during the 2nd quarter worth approximately $501,000. Institutional investors and hedge funds own 50.35% of the company’s stock.

About Territorial Bancorp

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of deposit.