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

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

Territorial Bancorp Trading Down 0.9 %

NASDAQ TBNK opened at $9.70 on Monday. Territorial Bancorp has a one year low of $6.92 and a one year high of $11.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $85.67 million, a P/E ratio of -37.31 and a beta of 0.61. The stock’s 50-day moving average is $10.52 and its 200-day moving average is $9.77.

Territorial Bancorp (NASDAQ:TBNK) last announced its 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). Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%. The company had revenue of $18.93 million for the quarter.

Hedge Funds Weigh In On Territorial Bancorp

A number of large investors have recently added to or reduced their stakes in TBNK. International Assets Investment Management LLC acquired a new position in Territorial Bancorp during the 2nd quarter worth approximately $27,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Territorial Bancorp in the second quarter worth $37,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp during the second quarter worth $501,000. Atria Investments Inc grew its position in Territorial Bancorp by 12.7% in the third 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 in the last quarter. Finally, Wellington Management Group LLP increased its stake in Territorial Bancorp by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after buying an additional 146,541 shares during the last quarter. Institutional investors own 50.35% of the company’s stock.

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.