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

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

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th.

Territorial Bancorp Stock Down 0.2 %

Territorial Bancorp stock opened at $10.60 on Friday. The stock has a market capitalization of $93.62 million, a PE ratio of 42.40 and a beta of 0.61. Territorial Bancorp has a twelve month low of $6.85 and a twelve month high of $11.64. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $9.77 and a 200-day moving average of $8.70.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The company had revenue of $8.90 million during the quarter, compared to analyst estimates of $8.96 million. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.

Institutional Trading of Territorial Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Territorial Bancorp during the second quarter worth $27,000. Longfellow Investment Management Co. LLC bought a new stake in Territorial Bancorp during the second quarter worth $37,000. Skandinaviska Enskilda Banken AB publ bought a new stake in Territorial Bancorp during the second quarter worth $501,000. Finally, Acadian Asset Management LLC raised its position in Territorial Bancorp by 3.7% during the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 2,801 shares in the last quarter. 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.