Territorial Bancorp (NASDAQ:TBNK) Now Covered by StockNews.com

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

Territorial Bancorp Price Performance

TBNK opened at $8.90 on Friday. The stock has a fifty day moving average price of $9.65 and a 200 day moving average price of $9.95. 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 has a 1 year low of $6.92 and a 1 year high of $11.44. The stock has a market cap of $78.59 million, a price-to-earnings ratio of -17.80 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

Hedge Funds Weigh In On Territorial Bancorp

Several institutional investors have recently bought and sold shares of TBNK. Wellington Management Group LLP raised its stake in shares of 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 acquiring an additional 146,541 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Territorial Bancorp in the third quarter valued at approximately $3,726,000. Atria Investments Inc lifted its stake in shares of Territorial Bancorp by 12.7% in the third 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 during the last quarter. International Assets Investment Management LLC grew its stake in Territorial Bancorp by 944.0% in the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock valued at $3,300,000 after buying an additional 31,152 shares during the last quarter. Finally, CKW Financial Group bought a new position in Territorial Bancorp in the 4th quarter worth $35,000. 50.35% of the stock is currently owned by 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.