Territorial Bancorp (NASDAQ:TBNK) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Territorial Bancorp Stock Up 2.3 %

Shares of NASDAQ:TBNK opened at $9.89 on Friday. 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 stock has a fifty day simple moving average of $10.64 and a two-hundred day simple moving average of $9.69. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.64. The stock has a market capitalization of $87.35 million, a price-to-earnings ratio of -38.04 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings results 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 company had revenue of $18.93 million during the quarter.

Institutional Trading of Territorial Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Oddo BHF Asset Management Sas bought a new position in Territorial Bancorp during the 3rd quarter valued at about $3,726,000. Wellington Management Group LLP lifted its holdings in shares of Territorial Bancorp by 22.9% during 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 buying an additional 146,541 shares during the period. Atria Investments Inc boosted its stake in shares of Territorial Bancorp by 12.7% in 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 during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Territorial Bancorp by 944.0% in the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after acquiring an additional 31,152 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Territorial Bancorp in the second quarter worth $501,000. Institutional investors own 50.35% of the company’s stock.

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.