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

Analysts at StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods upped their target price on Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a research report on Wednesday, August 14th.

Territorial Bancorp Stock Performance

Shares of NASDAQ TBNK opened at $10.92 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s fifty day moving average price is $10.62 and its two-hundred day moving average price is $9.41. Territorial Bancorp has a one year low of $6.92 and a one year high of $11.64. The firm has a market cap of $96.42 million, a price-to-earnings ratio of -42.00 and a beta of 0.61.

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

Institutional Trading of Territorial Bancorp

Several institutional investors and hedge funds have recently modified their holdings of TBNK. Wellington Management Group LLP lifted its position in shares of Territorial Bancorp by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after buying an additional 146,541 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Territorial Bancorp during the 2nd quarter worth $501,000. International Assets Investment Management LLC lifted its position in shares of Territorial Bancorp by 944.0% during 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 buying an additional 31,152 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new stake in shares of Territorial Bancorp during the 2nd quarter worth $37,000. Finally, Atria Investments Inc raised its position in Territorial Bancorp by 12.7% in the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,380 shares during the last quarter. 50.35% of the stock is currently owned by institutional investors.

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.