Territorial Bancorp (NASDAQ:TBNK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a report published on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Trading Down 2.8 %

NASDAQ:TBNK opened at $9.09 on Thursday. The business’s 50 day moving average is $9.98 and its two-hundred day moving average is $9.95. 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 has a 52 week low of $6.92 and a 52 week high of $11.60. The company has a market cap of $80.26 million, a PE ratio of -34.96 and a beta of 0.62.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CKW Financial Group bought a new position in shares of Territorial Bancorp in the fourth quarter valued at approximately $35,000. Atria Investments Inc grew 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 valued at $127,000 after buying an additional 1,380 shares during the last quarter. International Assets Investment Management LLC raised 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 worth $3,300,000 after acquiring an additional 31,152 shares during the period. Oddo BHF Asset Management Sas bought a new stake in Territorial Bancorp during the third quarter valued at about $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 during the last quarter. Institutional investors 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.