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

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

Territorial Bancorp Stock Up 1.2 %

Shares of NASDAQ:TBNK traded up $0.10 during trading on Friday, hitting $8.71. The company's stock had a trading volume of 2,682 shares, compared to its average volume of 16,314. The company has a market capitalization of $76.91 million, a PE ratio of -17.42 and a beta of 0.61. The business has a 50 day moving average price of $9.57 and a two-hundred day moving average price of $9.94. Territorial Bancorp has a fifty-two week low of $6.92 and a fifty-two week high of $11.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%.

Institutional Investors Weigh In On Territorial Bancorp

Institutional investors have recently modified their holdings of the company. CKW Financial Group purchased a new stake in Territorial Bancorp during the 4th quarter worth about $35,000. Atria Investments Inc boosted its holdings in Territorial Bancorp by 12.7% in the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 1,380 shares in the last quarter. Four Tree Island Advisory LLC purchased a new position in Territorial Bancorp in the fourth quarter valued at approximately $364,000. International Assets Investment Management LLC raised its holdings in Territorial Bancorp by 944.0% during the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider's stock worth $3,300,000 after purchasing an additional 31,152 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Territorial Bancorp during the 3rd quarter worth approximately $3,726,000. 50.35% of the stock is owned by hedge funds and other institutional investors.

About Territorial Bancorp

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.