Territorial Bancorp (NASDAQ:TBNK) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note issued on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods upped 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 $10.95 on Friday. The firm has a market capitalization of $96.69 million, a PE ratio of -1,093.91 and a beta of 0.61. The business’s fifty day moving average price is $9.97 and its 200 day moving average price is $8.80. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.86. Territorial Bancorp has a 12 month low of $6.85 and a 12 month high of $11.64.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in shares of Territorial Bancorp in the 2nd quarter valued at approximately $27,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Territorial Bancorp in the 2nd quarter valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Territorial Bancorp in the 2nd quarter valued at approximately $501,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Territorial Bancorp by 3.7% in the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after buying an additional 2,801 shares during the period. 50.35% of the stock is currently owned by hedge funds and other institutional investors.

Territorial Bancorp Company Profile

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.