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

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

Territorial Bancorp Stock Performance

NASDAQ TBNK opened at $8.09 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The company has a 50-day simple moving average of $8.83 and a two-hundred day simple moving average of $9.81. The firm has a market cap of $71.45 million, a price-to-earnings ratio of -16.18 and a beta of 0.59. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates 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%.

Institutional Investors Weigh In On Territorial Bancorp

Several hedge funds have recently modified their holdings of TBNK. Wellington Management Group LLP increased its stake in Territorial Bancorp by 11.2% during the 4th quarter. Wellington Management Group LLP now owns 874,388 shares of the financial services provider’s stock valued at $8,508,000 after purchasing an additional 88,140 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Territorial Bancorp by 8.3% during the fourth quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock worth $4,870,000 after purchasing an additional 38,500 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Territorial Bancorp by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 432,371 shares of the financial services provider’s stock worth $4,207,000 after purchasing an additional 19,870 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Territorial Bancorp in the 3rd quarter valued at $3,726,000. Finally, Susquehanna International Group LLP lifted its stake 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 purchasing an additional 74,207 shares during 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.