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

StockNews.com started 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 raised their target price on Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th.

Territorial Bancorp Price Performance

Shares of TBNK stock opened at $10.58 on Wednesday. Territorial Bancorp has a fifty-two week low of $6.92 and a fifty-two week high of $11.64. 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 capitalization of $93.42 million, a price-to-earnings ratio of -40.69 and a beta of 0.61. The stock’s 50-day simple moving average is $10.45 and its 200-day simple moving average is $9.29.

Territorial Bancorp (NASDAQ:TBNK) last released its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The company had revenue of $18.93 million for the quarter. Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%.

Institutional Trading of Territorial Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its holdings 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 valued at $8,208,000 after purchasing an additional 146,541 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Territorial Bancorp by 3.7% in 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 during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp during the second quarter worth about $501,000. International Assets Investment Management LLC grew its holdings 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 worth $3,300,000 after acquiring an additional 31,152 shares during the period. Finally, Atria Investments Inc lifted its holdings 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 acquiring an additional 1,380 shares during the period. Institutional investors and hedge funds own 50.35% of the company’s stock.

About Territorial Bancorp

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.