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

StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Territorial Bancorp Trading Down 2.1 %

Shares of TBNK stock opened at $8.37 on Friday. The stock has a 50 day simple moving average of $8.60 and a 200 day simple moving average of $9.69. Territorial Bancorp has a 1 year low of $6.92 and a 1 year high of $11.44. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock has a market cap of $73.92 million, a P/E ratio of -16.74 and a beta of 0.59.

Territorial Bancorp (NASDAQ:TBNK) last released its 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%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TBNK. Oddo BHF Asset Management Sas bought a new stake in shares of Territorial Bancorp during the third quarter worth about $3,726,000. Wellington Management Group LLP increased its stake in shares of Territorial Bancorp by 22.9% during the 3rd 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 during the last quarter. CSS LLC IL lifted its stake in Territorial Bancorp by 583.5% in the fourth 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 stake in shares of Territorial Bancorp by 66.8% during the 4th quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider’s stock worth $1,802,000 after acquiring an additional 74,207 shares during the period. Finally, Alliancebernstein L.P. increased its stake 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 worth $4,870,000 after purchasing an additional 38,500 shares in the last quarter. 50.35% of the stock is owned by 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.