StockNews.com Initiates Coverage on Territorial Bancorp (NASDAQ:TBNK)

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

Territorial Bancorp Trading Down 2.8 %

Shares of TBNK stock opened at $9.09 on Thursday. The stock has a market capitalization of $80.28 million, a P/E ratio of -34.96 and a beta of 0.62. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $10.01 and its 200 day moving average is $9.94. 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The firm had revenue of $18.93 million during the quarter. Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TBNK. Wellington Management Group LLP increased its holdings in Territorial Bancorp by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after acquiring an additional 146,541 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Territorial Bancorp during the 3rd quarter valued at $3,726,000. Atria Investments Inc boosted its holdings in 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 buying an additional 1,380 shares during the period. International Assets Investment Management LLC increased its stake in Territorial Bancorp by 944.0% in 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 buying an additional 31,152 shares in the last quarter. Finally, CKW Financial Group bought a new stake in Territorial Bancorp during the fourth quarter valued at about $35,000. 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.