Territorial Bancorp (NASDAQ:TBNK) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note released on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Stock Performance

Shares of NASDAQ TBNK opened at $9.35 on Thursday. 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 has a one year low of $6.92 and a one year high of $11.60. The business’s 50-day moving average price is $10.04 and its two-hundred day moving average price is $9.94.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The firm had revenue of $18.93 million during 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

Institutional investors and hedge funds have recently modified their holdings of the business. CKW Financial Group acquired a new position in Territorial Bancorp during the fourth quarter worth $35,000. Atria Investments Inc increased its holdings in shares of Territorial Bancorp by 12.7% during the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,380 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of 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 valued at $3,300,000 after acquiring an additional 31,152 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Territorial Bancorp in the 3rd quarter worth approximately $3,726,000. Finally, Wellington Management Group LLP boosted its position in Territorial Bancorp by 22.9% during the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after purchasing an additional 146,541 shares during the period. 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.