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

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

Territorial Bancorp Price Performance

NASDAQ:TBNK opened at $8.33 on Friday. The stock has a 50-day simple moving average of $8.41 and a 200 day simple moving average of $9.54. Territorial Bancorp has a 52-week low of $6.92 and a 52-week high of $11.44. The company has a market cap of $73.57 million, a PE ratio of -16.66 and a beta of 0.59. 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 released its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates 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%.

Hedge Funds Weigh In On Territorial Bancorp

Large investors have recently modified their holdings of the business. CKW Financial Group bought a new stake in Territorial Bancorp during the fourth quarter worth about $35,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Territorial Bancorp during the 4th quarter worth approximately $99,000. 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 purchasing an additional 12,476 shares in the last quarter. Four Tree Island Advisory LLC acquired a new stake in shares of Territorial Bancorp in the 4th quarter valued at approximately $364,000. Finally, CSS LLC IL grew its stake in shares of Territorial Bancorp by 583.5% in the fourth quarter. CSS LLC IL now owns 110,774 shares of the financial services provider’s stock valued at $1,078,000 after buying an additional 94,566 shares in the last quarter. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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.