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

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

Territorial Bancorp Price Performance

Shares of TBNK remained flat at $8.33 during trading hours on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The company has a 50-day simple moving average of $8.51 and a 200 day simple moving average of $9.63. Territorial Bancorp has a 52-week low of $6.92 and a 52-week high of $11.44. The company has a market cap of $73.57 million, a P/E ratio of -16.66 and a beta of 0.59.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) 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%.

Hedge Funds Weigh In On Territorial Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its position in Territorial Bancorp by 22.9% in the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider's stock worth $8,208,000 after purchasing an additional 146,541 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Territorial Bancorp in the 3rd quarter worth approximately $3,726,000. CKW Financial Group acquired a new stake in shares of Territorial Bancorp in the 4th quarter valued at $35,000. Four Tree Island Advisory LLC bought a new stake in Territorial Bancorp during the fourth quarter worth about $364,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Territorial Bancorp during the 4th quarter worth approximately $99,000. 50.35% of the stock is owned by institutional investors.

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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.