Territorial Bancorp (NASDAQ:TBNK) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK - Get Free Report) in a research report issued on Sunday. The brokerage set a "hold" rating on the financial services provider's stock.

Separately, Keefe, Bruyette & Woods upped their target price on Territorial Bancorp from $9.66 to $11.27 and gave the company a "market perform" rating in a research note on Wednesday, August 14th.

Territorial Bancorp Trading Down 0.9 %

NASDAQ TBNK traded down $0.10 on Friday, hitting $10.44. 30,736 shares of the stock were exchanged, compared to its average volume of 25,209. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.86 and a current ratio of 0.86. Territorial Bancorp has a 52-week low of $6.85 and a 52-week high of $11.64. The firm has a market capitalization of $92.21 million, a P/E ratio of 41.76 and a beta of 0.61. The stock has a fifty day moving average price of $10.12 and a two-hundred day moving average price of $8.91.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.06). Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%. The firm had revenue of $8.90 million for the quarter, compared to analysts' expectations of $8.96 million.

Institutional Investors Weigh In On Territorial Bancorp

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Territorial Bancorp in the second quarter worth about $27,000. Longfellow Investment Management Co. LLC purchased a new position in Territorial Bancorp in the second quarter worth $37,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Territorial Bancorp during the second quarter worth $501,000. Finally, Acadian Asset Management LLC boosted its position in shares of Territorial Bancorp by 3.7% in the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider's stock worth $638,000 after purchasing an additional 2,801 shares in the last quarter. Hedge funds and other institutional investors 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.