Territorial Bancorp (NASDAQ:TBNK) Coverage Initiated by Analysts at StockNews.com

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

Separately, Keefe, Bruyette & Woods increased their target price on shares of 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 Up 0.7 %

Shares of TBNK stock opened at $10.82 on Wednesday. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.64. The company has a market capitalization of $95.54 million, a PE ratio of -41.31 and a beta of 0.61. The firm has a 50 day moving average price of $10.51 and a two-hundred day moving average price of $9.32. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The firm had revenue of $18.93 million for the quarter. Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TBNK. Atria Investments Inc grew its stake 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 buying an additional 1,380 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 2,801 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Territorial Bancorp in the 2nd quarter valued at approximately $27,000. Longfellow Investment Management Co. LLC acquired a new position in Territorial Bancorp during the 2nd quarter worth approximately $37,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Territorial Bancorp during the second quarter worth $501,000. 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.