Territorial Bancorp (NASDAQ:TBNK) Coverage Initiated at StockNews.com

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

Territorial Bancorp Price Performance

Shares of NASDAQ TBNK opened at $8.26 on Tuesday. The firm has a market capitalization of $72.95 million, a P/E ratio of -16.52 and a beta of 0.61. Territorial Bancorp has a one year low of $6.92 and a one year high of $11.44. The company’s fifty day moving average is $8.95 and its two-hundred day moving average is $9.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84.

Territorial Bancorp (NASDAQ:TBNK) last issued its earnings results on Friday, January 31st. The financial services provider reported ($0.20) 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 Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CKW Financial Group acquired a new position in shares of Territorial Bancorp during the 4th quarter worth $35,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Territorial Bancorp during the 4th quarter worth $99,000. Atria Investments Inc raised its stake in shares of Territorial Bancorp by 12.7% during the 3rd 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. Northern Trust Corp raised its stake in shares of Territorial Bancorp by 55.8% during the 4th quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock worth $339,000 after buying an additional 12,476 shares during the last quarter. Finally, Four Tree Island Advisory LLC acquired a new position in shares of Territorial Bancorp during the 4th quarter worth $364,000. Institutional investors and hedge funds 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.