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

StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Stock Performance

NASDAQ TBNK opened at $9.09 on Thursday. The company’s fifty day moving average is $9.98 and its two-hundred day moving average is $9.95. Territorial Bancorp has a 52-week low of $6.92 and a 52-week high of $11.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $80.26 million, a price-to-earnings ratio of -34.96 and a beta of 0.62.

Territorial Bancorp (NASDAQ:TBNK) last issued 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 net margin of 3.01% and a negative return on equity of 0.90%. The firm had revenue of $18.93 million for the quarter.

Institutional Trading of Territorial Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBNK. Wellington Management Group LLP grew its stake 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 purchasing an additional 146,541 shares during the period. Oddo BHF Asset Management Sas bought a new stake in shares of Territorial Bancorp during the third quarter worth $3,726,000. Atria Investments Inc raised its stake in shares of Territorial Bancorp by 12.7% in the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,380 shares during the last quarter. International Assets Investment Management LLC boosted its position in Territorial Bancorp by 944.0% in the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock valued at $3,300,000 after buying an additional 31,152 shares during the last quarter. Finally, CKW Financial Group bought a new stake in shares of Territorial Bancorp during the fourth quarter worth approximately $35,000. 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.