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

StockNews.com started coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Stock Up 2.7 %

NASDAQ TBNK opened at $9.35 on Thursday. The company’s fifty day moving average is $10.04 and its two-hundred day moving average is $9.94. 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 52-week low of $6.92 and a 52-week high of $11.60.

Territorial Bancorp (NASDAQ:TBNK) last released its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). The firm had revenue of $18.93 million for the quarter. Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Atria Investments Inc increased 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 valued at $127,000 after buying an additional 1,380 shares during the period. CKW Financial Group acquired a new stake in shares of Territorial Bancorp during the 4th quarter valued at about $35,000. International Assets Investment Management LLC boosted its position in shares of Territorial Bancorp by 944.0% during 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 acquiring an additional 31,152 shares in the last quarter. Wellington Management Group LLP increased its stake in 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 valued at $8,208,000 after acquiring an additional 146,541 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new position in Territorial Bancorp in the third quarter worth about $3,726,000. 50.35% of the stock is owned by 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.