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

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

Separately, Keefe, Bruyette & Woods increased their price objective on Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a report on Wednesday, August 14th.

Territorial Bancorp Price Performance

Shares of NASDAQ TBNK opened at $10.30 on Monday. The stock’s 50 day moving average price is $10.22 and its 200-day moving average price is $9.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. Territorial Bancorp has a twelve month low of $6.90 and a twelve month high of $11.64. The company has a market capitalization of $90.95 million, a PE ratio of -39.61 and a beta of 0.61.

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 business had revenue of $18.93 million for the quarter. Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%.

Hedge Funds Weigh In On Territorial Bancorp

Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC lifted its holdings in 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 worth $638,000 after purchasing an additional 2,801 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Territorial Bancorp during the second quarter valued at approximately $27,000. Longfellow Investment Management Co. LLC purchased a new stake in Territorial Bancorp in the 2nd quarter worth approximately $37,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Territorial Bancorp during the 2nd quarter valued at $501,000. Finally, Atria Investments Inc increased its stake 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 acquiring an additional 1,380 shares during the last quarter. 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.