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

Analysts at StockNews.com started coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Territorial Bancorp Stock Down 0.5 %

Shares of TBNK opened at $8.15 on Thursday. The stock has a market capitalization of $71.98 million, a PE ratio of -16.30 and a beta of 0.59. Territorial Bancorp has a 1 year low of $6.92 and a 1 year high of $11.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The company’s 50-day simple moving average is $8.66 and its 200-day simple moving average is $9.73.

Territorial Bancorp (NASDAQ:TBNK) last released 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 return on equity of 1.72% and a negative net margin of 5.74%.

Hedge Funds Weigh In On Territorial Bancorp

A number of hedge funds have recently modified their holdings of the business. CKW Financial Group acquired a new stake in shares of Territorial Bancorp during the fourth quarter worth $35,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Territorial Bancorp during the fourth quarter worth $99,000. Atria Investments Inc lifted its holdings in shares of Territorial Bancorp by 12.7% during the third 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. Northern Trust Corp lifted its holdings in shares of Territorial Bancorp by 55.8% during 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 period. Finally, Four Tree Island Advisory LLC acquired a new stake in shares of Territorial Bancorp during the fourth quarter worth $364,000. 50.35% of the stock is currently owned by hedge funds and other institutional investors.

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.