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

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 boosted 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 Stock Up 4.2 %

Shares of TBNK stock opened at $10.36 on Wednesday. The stock’s 50 day simple moving average is $9.57 and its 200 day simple moving average is $8.51. Territorial Bancorp has a twelve month low of $6.85 and a twelve month high of $11.64. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $91.50 million, a price-to-earnings ratio of 41.44 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The firm had revenue of $8.90 million during the quarter, compared to the consensus estimate of $8.96 million. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.

Hedge Funds Weigh In On Territorial Bancorp

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