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

Investment analysts at StockNews.com initiated 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 $8.55 on Tuesday. The stock’s 50-day simple moving average is $9.00 and its 200 day simple moving average is $9.86. The stock has a market capitalization of $75.51 million, a price-to-earnings ratio of -17.10 and a beta of 0.61. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. Territorial Bancorp has a 52-week low of $6.92 and a 52-week high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Trading of Territorial Bancorp

Several institutional investors and hedge funds have recently modified their holdings of TBNK. Oddo BHF Asset Management Sas purchased a new stake in shares of Territorial Bancorp in the 3rd quarter valued at about $3,726,000. Wellington Management Group LLP raised its holdings 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. CSS LLC IL raised its holdings in shares of Territorial Bancorp by 583.5% in the 4th quarter. CSS LLC IL now owns 110,774 shares of the financial services provider’s stock valued at $1,078,000 after acquiring an additional 94,566 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of Territorial Bancorp by 66.8% in the 4th quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider’s stock valued at $1,802,000 after acquiring an additional 74,207 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Territorial Bancorp by 8.3% in the 4th quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock valued at $4,870,000 after acquiring an additional 38,500 shares in the last quarter. Hedge funds and other 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.