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

Investment analysts at StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK - Get Free Report) in a report released on Monday. 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 stock a "market perform" rating in a report on Wednesday, August 14th.

Territorial Bancorp Trading Down 2.0 %

Shares of TBNK traded down $0.21 during mid-day trading on Monday, reaching $10.09. The company's stock had a trading volume of 4,143 shares, compared to its average volume of 25,295. Territorial Bancorp has a 52 week low of $6.90 and a 52 week high of $11.64. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. The company's fifty day moving average price is $10.20 and its two-hundred day moving average price is $9.03. The stock has a market cap of $89.11 million, a PE ratio of -39.62 and a beta of 0.61.

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

Hedge Funds Weigh In On Territorial Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in shares of Territorial Bancorp by 3.7% in the first 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 during the last quarter. International Assets Investment Management LLC purchased a new position in Territorial Bancorp in the 2nd quarter worth about $27,000. Longfellow Investment Management Co. LLC purchased a new position in Territorial Bancorp in the 2nd quarter worth about $37,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Territorial Bancorp in the 2nd quarter worth about $501,000. Finally, Atria Investments Inc raised its position in Territorial Bancorp by 12.7% in 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. 50.35% of the stock is currently owned by hedge funds and other institutional investors.

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.