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

Analysts at StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK - Get Free Report) in a report released on Tuesday. The brokerage set a "hold" rating on the financial services provider's stock.

Territorial Bancorp Price Performance

Shares of Territorial Bancorp stock traded up $0.12 during trading on Tuesday, reaching $8.45. The company's stock had a trading volume of 8,375 shares, compared to its average volume of 13,004. The stock has a 50-day moving average price of $8.92 and a two-hundred day moving average price of $9.83. The stock has a market capitalization of $74.63 million, a P/E ratio of -16.90 and a beta of 0.61. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Territorial Bancorp has a one year low of $6.92 and a one year high of $11.44.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

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Institutional Investors Weigh In On Territorial Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Oddo BHF Asset Management Sas acquired a new position in Territorial Bancorp during the third quarter worth $3,726,000. Wellington Management Group LLP raised its holdings in shares of Territorial Bancorp by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider's stock valued at $8,208,000 after purchasing an additional 146,541 shares during the period. CSS LLC IL lifted its stake 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 valued at $1,078,000 after purchasing an additional 94,566 shares during the last quarter. Susquehanna International Group LLP grew its holdings in Territorial Bancorp by 66.8% during the fourth quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider's stock worth $1,802,000 after purchasing an additional 74,207 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Territorial Bancorp by 8.3% in the fourth quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider's stock valued at $4,870,000 after buying an additional 38,500 shares during the last quarter. 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.