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

Research analysts at StockNews.com began 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 Stock Performance

NASDAQ:TBNK opened at $8.33 on Tuesday. The stock has a 50-day simple moving average of $8.33 and a two-hundred day simple moving average of $9.37. Territorial Bancorp has a 52-week low of $7.48 and a 52-week high of $11.44. 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 $73.57 million, a PE ratio of -16.66 and a beta of 0.59.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data 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%.

Institutional Investors Weigh In On Territorial Bancorp

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

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.