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

Equities research analysts at StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report issued on Tuesday. The firm 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 Stock Up 3.0 %

TBNK opened at $11.11 on Tuesday. Territorial Bancorp has a fifty-two week low of $6.90 and a fifty-two week high of $11.64. The business has a 50-day moving average of $10.29 and a 200-day moving average of $9.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $98.10 million, a PE ratio of -42.73 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data 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). The company 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%.

Institutional Trading of Territorial Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atria Investments Inc grew 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 valued at $127,000 after buying an additional 1,380 shares during the last quarter. International Assets Investment Management LLC grew its holdings 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 valued at $3,300,000 after buying an additional 31,152 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp in the 2nd quarter valued at approximately $501,000. Longfellow Investment Management Co. LLC acquired a new stake in Territorial Bancorp in the 2nd quarter valued at approximately $37,000. Finally, Acadian Asset Management LLC grew its holdings in Territorial Bancorp by 3.7% in 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 during the last quarter. 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.