Territorial Bancorp (NASDAQ:TBNK) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report issued on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Territorial Bancorp Price Performance

Shares of NASDAQ TBNK opened at $9.73 on Friday. The company has a fifty day moving average price of $10.62 and a 200 day moving average price of $9.72. The firm has a market cap of $85.94 million, a PE ratio of -37.42 and a beta of 0.61. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Territorial Bancorp has a 1-year low of $6.92 and a 1-year high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings data on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (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 business had revenue of $18.93 million during the quarter.

Hedge Funds Weigh In On Territorial Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings 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 period. Oddo BHF Asset Management Sas bought a new position in Territorial Bancorp during the 3rd quarter worth $3,726,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp in the second quarter valued at about $501,000. International Assets Investment Management LLC boosted 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 acquiring an additional 31,152 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of Territorial Bancorp by 12.7% in the 3rd 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 in the last quarter. Institutional investors 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.