Territorial Bancorp (NASDAQ:TBNK) Research Coverage Started at StockNews.com

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

Territorial Bancorp Price Performance

Shares of TBNK opened at $8.33 on Tuesday. The company has a 50 day moving average price of $8.33 and a 200-day moving average price of $9.35. Territorial Bancorp has a fifty-two week low of $7.56 and a fifty-two week high of $11.44. The stock has a market capitalization of $73.57 million, a PE ratio of -16.66 and a beta of 0.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative return on equity of 1.72% and a negative net margin of 5.74%.

Institutional Investors Weigh In On Territorial Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of TBNK. Oddo BHF Asset Management Sas purchased a new stake in Territorial Bancorp during the third quarter valued at approximately $3,726,000. CKW Financial Group purchased a new stake in Territorial Bancorp during the fourth quarter valued at approximately $35,000. Four Tree Island Advisory LLC purchased a new stake in Territorial Bancorp during the fourth quarter valued at approximately $364,000. Arrowstreet Capital Limited Partnership purchased a new stake in Territorial Bancorp during the fourth quarter valued at approximately $99,000. Finally, Wellington Management Group LLP lifted its position in Territorial Bancorp by 11.2% during the fourth quarter. Wellington Management Group LLP now owns 874,388 shares of the financial services provider’s stock valued at $8,508,000 after acquiring an additional 88,140 shares during the last quarter. Hedge funds and other 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.