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

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

Territorial Bancorp Stock Up 1.9 %

Territorial Bancorp stock opened at $9.01 on Wednesday. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.60. 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 company has a market capitalization of $79.58 million, a PE ratio of -34.65 and a beta of 0.62. The firm’s fifty day moving average is $10.27 and its 200 day moving average is $9.91.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly 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 business had revenue of $18.93 million for the quarter. Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%.

Hedge Funds Weigh In On Territorial Bancorp

A number of hedge funds have recently bought and sold shares of the business. Atria Investments Inc grew its holdings in Territorial Bancorp by 12.7% during the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,380 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Territorial Bancorp in the second quarter worth about $501,000. International Assets Investment Management LLC raised its holdings in shares of Territorial Bancorp by 944.0% during the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after acquiring an additional 31,152 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Territorial Bancorp in the third quarter valued at $3,726,000. Finally, Wellington Management Group LLP raised its stake in Territorial Bancorp by 22.9% during the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after purchasing an additional 146,541 shares in the last quarter. Hedge funds and other 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.