StockNews.com Initiates Coverage on Territorial Bancorp (NASDAQ:TBNK)

StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the financial services provider’s stock.

Territorial Bancorp Stock Down 2.1 %

TBNK stock opened at $8.37 on Friday. 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 firm has a market cap of $73.92 million, a price-to-earnings ratio of -16.74 and a beta of 0.59. The firm has a fifty day moving average price of $8.60 and a two-hundred day moving average price of $9.69. Territorial Bancorp has a 1-year low of $6.92 and a 1-year high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 Investors Weigh In On Territorial Bancorp

Institutional investors have recently bought and sold shares of the business. CKW Financial Group bought a new position in shares of Territorial Bancorp during the fourth quarter valued at $35,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Territorial Bancorp during the fourth quarter worth approximately $99,000. Northern Trust Corp raised its position in Territorial Bancorp by 55.8% in the 4th quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 12,476 shares during the last quarter. Four Tree Island Advisory LLC acquired a new stake in Territorial Bancorp in the fourth quarter worth about $364,000. Finally, CSS LLC IL raised its holdings in Territorial Bancorp by 583.5% during the 4th quarter. CSS LLC IL now owns 110,774 shares of the financial services provider’s stock worth $1,078,000 after purchasing an additional 94,566 shares during the last quarter. 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.