Territorial Bancorp (NASDAQ:TBNK) Coverage Initiated at StockNews.com

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

Territorial Bancorp Stock Performance

Shares of Territorial Bancorp stock opened at $10.61 on Friday. Territorial Bancorp has a 12 month low of $6.92 and a 12 month high of $11.64. The stock’s fifty day moving average price is $10.71 and its 200-day moving average price is $9.58. The firm has a market cap of $93.69 million, a P/E ratio of -40.81 and a beta of 0.61. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

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

Institutional Trading of Territorial Bancorp

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Territorial Bancorp during the 2nd quarter valued at about $27,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Territorial Bancorp during the second quarter valued at about $37,000. Atria Investments Inc raised its position in shares of Territorial Bancorp by 12.7% in the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,380 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp in the 2nd quarter worth approximately $501,000. Finally, Oddo BHF Asset Management Sas acquired a new position in Territorial Bancorp during the 3rd quarter valued at approximately $3,726,000. 50.35% of the stock is owned by hedge funds and other institutional investors.

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.