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

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

Territorial Bancorp Price Performance

Shares of TBNK stock opened at $9.73 on Friday. Territorial Bancorp has a 1 year low of $6.92 and a 1 year high of $11.64. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $10.62 and its 200-day moving average is $9.72. The firm has a market capitalization of $85.94 million, a price-to-earnings ratio of -37.42 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%. The business had revenue of $18.93 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Territorial Bancorp during the second quarter worth $27,000. Longfellow Investment Management Co. LLC acquired a new stake in Territorial Bancorp during the 2nd quarter worth $37,000. Atria Investments Inc lifted its holdings in Territorial Bancorp by 12.7% during the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,380 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp in the second quarter valued at about $501,000. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Territorial Bancorp in the third quarter worth about $3,726,000. 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.