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

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

Territorial Bancorp Stock Performance

Shares of TBNK opened at $9.35 on Tuesday. The company’s 50 day simple moving average is $10.42 and its 200-day simple moving average is $9.84. The firm has a market cap of $82.58 million, a PE ratio of -35.96 and a beta of 0.62. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.60. 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 issued its quarterly earnings data on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (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 business had revenue of $18.93 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TBNK. Oddo BHF Asset Management Sas acquired a new position in shares of Territorial Bancorp during the third quarter worth about $3,726,000. Wellington Management Group LLP boosted its holdings 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 purchasing an additional 146,541 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp during the 2nd quarter worth approximately $501,000. International Assets Investment Management LLC raised 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 in the last quarter. Finally, Atria Investments Inc raised its stake in shares of Territorial Bancorp by 12.7% during the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,380 shares in the last quarter. 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.