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

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

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

Territorial Bancorp Price Performance

Shares of Territorial Bancorp stock opened at $10.58 on Wednesday. The firm has a market cap of $93.42 million, a PE ratio of -40.69 and a beta of 0.61. Territorial Bancorp has a twelve month low of $6.92 and a twelve month high of $11.64. 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 business has a 50-day moving average price of $10.45 and a 200 day moving average price of $9.29.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%. The business had revenue of $18.93 million for the quarter.

Institutional Trading of Territorial Bancorp

Several large investors have recently made changes to their positions in TBNK. International Assets Investment Management LLC acquired a new stake in Territorial Bancorp during the 2nd quarter worth $27,000. Longfellow Investment Management Co. LLC acquired a new position in Territorial Bancorp during the second quarter worth about $37,000. Atria Investments Inc grew its stake in Territorial Bancorp by 12.7% during the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,380 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp in the 2nd quarter valued at about $501,000. Finally, Acadian Asset Management LLC lifted its stake in Territorial Bancorp by 3.7% in the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 2,801 shares in the last quarter. 50.35% of the stock is currently owned by hedge funds and other institutional investors.

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.