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

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

Territorial Bancorp Price Performance

Shares of NASDAQ:TBNK opened at $8.19 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $72.33 million, a price-to-earnings ratio of -16.38 and a beta of 0.61. The business has a 50-day simple moving average of $9.15 and a two-hundred day simple moving average of $9.88. Territorial Bancorp has a fifty-two week low of $6.92 and a fifty-two week high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates 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 Trading of Territorial Bancorp

Several large investors have recently modified their holdings of TBNK. Wellington Management Group LLP boosted its position in 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 worth $8,208,000 after purchasing an additional 146,541 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Territorial Bancorp in the 3rd quarter worth approximately $3,726,000. Atria Investments Inc boosted its holdings in shares of Territorial Bancorp by 12.7% in 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 during the last quarter. Four Tree Island Advisory LLC purchased a new position in shares of Territorial Bancorp in the fourth quarter worth approximately $364,000. Finally, International Assets Investment Management LLC grew its position in Territorial Bancorp by 944.0% during the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock valued at $3,300,000 after buying an additional 31,152 shares during the period. 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.