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

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

Territorial Bancorp Stock Up 0.2 %

TBNK stock opened at $9.30 on Tuesday. The company has a market cap of $82.14 million, a price-to-earnings ratio of -35.77 and a beta of 0.62. The company has a fifty day moving average price of $10.37 and a 200 day moving average price of $9.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. Territorial Bancorp has a 12 month low of $6.92 and a 12 month high of $11.60.

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

Institutional Investors Weigh In On Territorial Bancorp

Several hedge funds have recently modified their holdings of the stock. Oddo BHF Asset Management Sas acquired a new position in Territorial Bancorp in the 3rd quarter valued at $3,726,000. Wellington Management Group LLP boosted its holdings in shares of Territorial Bancorp by 22.9% in 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 acquiring an additional 146,541 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Territorial Bancorp during the second quarter worth about $501,000. International Assets Investment Management LLC raised its holdings in Territorial Bancorp by 944.0% during the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after purchasing an additional 31,152 shares in the last quarter. Finally, Atria Investments Inc lifted its position in Territorial Bancorp by 12.7% in 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. 50.35% of the stock is owned by institutional investors and hedge funds.

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.