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

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

Territorial Bancorp Price Performance

Territorial Bancorp stock opened at $8.25 on Wednesday. Territorial Bancorp has a 52 week low of $6.92 and a 52 week high of $11.44. The company’s 50 day moving average price is $8.77 and its two-hundred day moving average price is $9.79. 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 has a market cap of $72.86 million, a P/E ratio of -16.50 and a beta of 0.59.

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

Institutional Investors Weigh In On Territorial Bancorp

A number of hedge funds have recently modified their holdings of the stock. Atria Investments Inc raised its holdings in shares of Territorial Bancorp by 12.7% in the 3rd 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 during the period. CKW Financial Group purchased a new position in Territorial Bancorp in the 4th quarter valued at approximately $35,000. Arrowstreet Capital Limited Partnership purchased a new position in Territorial Bancorp in the 4th quarter valued at approximately $99,000. Northern Trust Corp grew its stake in Territorial Bancorp by 55.8% in the 4th quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock valued at $339,000 after buying an additional 12,476 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Territorial Bancorp by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 432,371 shares of the financial services provider’s stock valued at $4,207,000 after buying an additional 19,870 shares in the last quarter. 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.