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

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

Territorial Bancorp Price Performance

Shares of TBNK stock opened at $8.90 on Friday. The stock has a 50 day moving average of $9.65 and a two-hundred day moving average of $9.95. 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 company has a market capitalization of $78.59 million, a P/E ratio of -17.80 and a beta of 0.61. Territorial Bancorp has a 12 month low of $6.92 and a 12 month high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

Institutional Investors Weigh In On Territorial Bancorp

A number of hedge funds have recently made changes to their positions in TBNK. International Assets Investment Management LLC increased its stake in shares of Territorial Bancorp by 944.0% in the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock valued at $3,300,000 after buying an additional 31,152 shares in the last quarter. Atria Investments Inc raised its position 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 purchasing an additional 1,380 shares during the last quarter. Wellington Management Group LLP boosted its position 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 valued at $8,208,000 after buying an additional 146,541 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Territorial Bancorp in the 3rd quarter valued at $3,726,000. Finally, CKW Financial Group acquired a new position in shares of Territorial Bancorp during the fourth quarter valued at $35,000. Institutional investors and hedge funds 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.