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

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

Territorial Bancorp Trading Down 2.5 %

Shares of TBNK opened at $8.62 on Friday. The company has a market capitalization of $76.11 million, a P/E ratio of -17.24 and a beta of 0.61. Territorial Bancorp has a one year low of $6.92 and a one 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 stock has a 50-day moving average price of $9.41 and a 200 day moving average price of $9.90.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TBNK. Oddo BHF Asset Management Sas bought a new position in Territorial Bancorp during the 3rd quarter worth approximately $3,726,000. Wellington Management Group LLP raised its position in shares of Territorial Bancorp by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after purchasing an additional 146,541 shares during the period. Susquehanna International Group LLP raised its position in shares of Territorial Bancorp by 66.8% during the 4th quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider’s stock worth $1,802,000 after purchasing an additional 74,207 shares during the period. Alliancebernstein L.P. raised its position in shares of Territorial Bancorp by 8.3% during the 4th quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock worth $4,870,000 after purchasing an additional 38,500 shares during the period. Finally, Four Tree Island Advisory LLC acquired a new stake in shares of Territorial Bancorp during the 4th quarter worth approximately $364,000. 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.