Territorial Bancorp (NASDAQ:TBNK) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note released on Friday morning. The firm issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Price Performance

Shares of NASDAQ:TBNK opened at $9.03 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average is $9.85 and its 200-day moving average is $9.97. Territorial Bancorp has a twelve month low of $6.92 and a twelve month high of $11.44. The firm has a market capitalization of $79.75 million, a price-to-earnings ratio of -34.73 and a beta of 0.62.

Territorial Bancorp (NASDAQ:TBNK) last posted 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 net margin of 3.01% and a negative return on equity of 0.90%.

Institutional Trading of Territorial Bancorp

Hedge funds have recently bought and sold shares of the business. Four Tree Island Advisory LLC purchased a new stake in Territorial Bancorp in the fourth quarter worth $364,000. CKW Financial Group bought a new position in shares of Territorial Bancorp in the fourth quarter worth $35,000. Oddo BHF Asset Management Sas purchased a new stake in shares of Territorial Bancorp in the 3rd quarter valued at about $3,726,000. Wellington Management Group LLP lifted its position in Territorial Bancorp by 22.9% during 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 purchasing an additional 146,541 shares during the last quarter. Finally, Atria Investments Inc lifted its holdings in shares of Territorial Bancorp by 12.7% during the 3rd 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. 50.35% of the stock is currently 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.