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

StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a report released on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Territorial Bancorp Stock Down 2.6 %

Territorial Bancorp stock opened at $8.28 on Monday. Territorial Bancorp has a 12 month low of $6.92 and a 12 month high of $11.44. The stock has a fifty day simple moving average of $9.20 and a two-hundred day simple moving average of $9.88. 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 firm has a market cap of $73.13 million, a price-to-earnings ratio of -16.56 and a beta of 0.61.

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

Institutional Investors Weigh In On Territorial Bancorp

A number of large investors have recently added to or reduced their stakes in the stock. CKW Financial Group bought a new position in shares of Territorial Bancorp during the 4th quarter valued at $35,000. Arrowstreet Capital Limited Partnership purchased a new stake in Territorial Bancorp during the fourth quarter valued at $99,000. Atria Investments Inc lifted its holdings 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 acquiring an additional 1,380 shares during the period. Northern Trust Corp boosted its position in Territorial Bancorp by 55.8% in the fourth quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 12,476 shares during the last quarter. Finally, Four Tree Island Advisory LLC bought a new stake in shares of Territorial Bancorp during the 4th quarter valued at about $364,000. Institutional investors 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.