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

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

Territorial Bancorp Trading Down 1.2 %

Shares of Territorial Bancorp stock opened at $9.05 on Wednesday. The firm has a market capitalization of $79.91 million, a PE ratio of -34.81 and a beta of 0.62. Territorial Bancorp has a twelve month low of $6.92 and a twelve month high of $11.60. The firm’s 50-day moving average price is $10.19 and its 200 day moving average price is $9.90. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results 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 firm 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 Investors Weigh In On Territorial Bancorp

A number of hedge funds have recently modified their holdings of TBNK. Atria Investments Inc boosted its position in Territorial Bancorp by 12.7% during the third 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. Skandinaviska Enskilda Banken AB publ purchased a new position in Territorial Bancorp in the 2nd quarter worth approximately $501,000. International Assets Investment Management LLC boosted its holdings in shares of Territorial Bancorp by 944.0% during 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 purchasing an additional 31,152 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Territorial Bancorp during the 3rd quarter worth approximately $3,726,000. Finally, Wellington Management Group LLP grew its position in shares of Territorial Bancorp by 22.9% in the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after purchasing an additional 146,541 shares in the last quarter. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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.