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

Equities research analysts at StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Territorial Bancorp Stock Up 2.3 %

Shares of TBNK opened at $9.89 on Friday. The company has a market capitalization of $87.35 million, a PE ratio of -38.04 and a beta of 0.61. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.64. The business’s 50 day moving average is $10.64 and its 200 day moving average is $9.69.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). The firm had revenue of $18.93 million during 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 large investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of Territorial Bancorp during the second quarter worth $27,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Territorial Bancorp in the second quarter valued at approximately $37,000. Atria Investments Inc grew its stake in 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 purchasing an additional 1,380 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Territorial Bancorp during the 2nd quarter worth $501,000. Finally, Oddo BHF Asset Management Sas bought a new stake in Territorial Bancorp during the 3rd quarter valued at $3,726,000. Hedge funds and other institutional investors own 50.35% of the company’s stock.

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.