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

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

Territorial Bancorp Price Performance

NASDAQ:TBNK opened at $9.05 on Wednesday. The firm’s fifty day moving average is $10.19 and its two-hundred day moving average is $9.90. The firm has a market cap of $79.91 million, a price-to-earnings ratio of -34.81 and a beta of 0.62. 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 one year low of $6.92 and a one year high of $11.60.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data 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). The company had revenue of $18.93 million during the quarter. Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%.

Institutional Trading of Territorial Bancorp

A number of hedge funds have recently added to or reduced their stakes in TBNK. Wellington Management Group LLP raised its position in shares of Territorial Bancorp by 22.9% in the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after acquiring an additional 146,541 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of Territorial Bancorp in the 3rd quarter valued at about $3,726,000. Atria Investments Inc raised its holdings in 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 purchasing an additional 1,380 shares during the period. International Assets Investment Management LLC boosted its position in Territorial Bancorp by 944.0% during 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 purchasing an additional 31,152 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp in the second quarter valued at approximately $501,000. 50.35% of the stock is owned by hedge funds and other institutional investors.

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.