StockNews.com Initiates Coverage on Territorial Bancorp (NASDAQ:TBNK)

Research analysts at StockNews.com started coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report issued on Wednesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods raised their price target on Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th.

Territorial Bancorp Trading Up 0.7 %

NASDAQ TBNK opened at $10.82 on Wednesday. Territorial Bancorp has a 12 month low of $6.92 and a 12 month high of $11.64. The stock has a 50-day simple moving average of $10.51 and a 200 day simple moving average of $9.32. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $95.54 million, a PE ratio of -41.31 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%. The company had revenue of $18.93 million during the quarter.

Institutional Investors Weigh In On Territorial Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of Territorial Bancorp by 22.9% in the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after purchasing an additional 146,541 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp in the 2nd quarter valued at $501,000. International Assets Investment Management LLC boosted its stake in shares of Territorial Bancorp by 944.0% during the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after buying an additional 31,152 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in shares of Territorial Bancorp in the 2nd quarter valued at about $37,000. Finally, Acadian Asset Management LLC increased its position in shares of Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after acquiring an additional 2,801 shares during the last quarter. 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.