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

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

Separately, Keefe, Bruyette & Woods raised their target price on 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 Trading Down 0.9 %

Shares of TBNK stock opened at $10.44 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. Territorial Bancorp has a 12-month low of $6.85 and a 12-month high of $11.64. The stock has a market capitalization of $92.19 million, a P/E ratio of -1,042.96 and a beta of 0.61. The firm’s 50 day moving average is $10.12 and its 200 day moving average is $8.91.

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

Hedge Funds Weigh In On Territorial Bancorp

Institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC lifted its position in shares of Territorial Bancorp by 3.7% during the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after buying an additional 2,801 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Territorial Bancorp during the 2nd quarter worth approximately $27,000. Longfellow Investment Management Co. LLC purchased a new position in Territorial Bancorp during the second quarter valued at approximately $37,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Territorial Bancorp in the second quarter worth approximately $501,000. 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.