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

Analysts at StockNews.com started coverage on shares of Territorial Bancorp (NASDAQ:TBNK - Get Free Report) in a research note issued to investors on Thursday. The firm set a "hold" rating on the financial services provider's stock.

Separately, Keefe, Bruyette & Woods raised their price objective 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 Price Performance

Shares of TBNK stock traded down $0.03 on Thursday, reaching $10.92. The company's stock had a trading volume of 4,136 shares, compared to its average volume of 25,103. The stock's fifty day simple moving average is $10.62 and its 200-day simple moving average is $9.41. Territorial Bancorp has a 1 year low of $6.92 and a 1 year high of $11.64. The company has a market capitalization of $96.42 million, a price-to-earnings ratio of -42.00 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 (NASDAQ:TBNK - Get Free Report) last posted its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter.

Institutional Trading of Territorial Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TBNK. Atria Investments Inc boosted its position in shares of Territorial Bancorp by 12.7% during the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider's stock valued at $127,000 after buying an additional 1,380 shares during the period. International Assets Investment Management LLC purchased a new stake in Territorial Bancorp in the second quarter worth $27,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Territorial Bancorp during the second quarter worth $37,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Territorial Bancorp during the second quarter worth $501,000. Finally, Wellington Management Group LLP boosted its stake in shares of Territorial Bancorp by 22.9% during the third 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. 50.35% of the stock is 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.