Territorial Bancorp (NASDAQ:TBNK) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNKGet Rating) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Territorial Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 30th. TheStreet cut Territorial Bancorp from a “b” rating to a “c+” rating in a research report on Monday, March 14th.

Shares of NASDAQ:TBNK opened at $23.52 on Tuesday. Territorial Bancorp has a fifty-two week low of $23.12 and a fifty-two week high of $26.81. The business has a 50-day moving average of $24.52. The firm has a market capitalization of $219.11 million, a PE ratio of 12.31 and a beta of 0.47. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.55.

Territorial Bancorp (NASDAQ:TBNKGet Rating) last announced its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.46 earnings per share for the quarter. Territorial Bancorp had a return on equity of 6.90% and a net margin of 26.10%. The company had revenue of $15.16 million during the quarter. As a group, equities analysts forecast that Territorial Bancorp will post 1.7 earnings per share for the current fiscal year.

In other Territorial Bancorp news, COO Vernon Hirata sold 3,546 shares of the company’s stock in a transaction on Thursday, April 7th. The stock was sold at an average price of $23.45, for a total transaction of $83,153.70. Following the transaction, the chief operating officer now owns 80,597 shares of the company’s stock, valued at approximately $1,889,999.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBNK. Morgan Stanley increased its position in shares of Territorial Bancorp by 10.3% in the 2nd quarter. Morgan Stanley now owns 48,556 shares of the financial services provider’s stock valued at $1,261,000 after buying an additional 4,543 shares in the last quarter. Citadel Advisors LLC bought a new position in Territorial Bancorp during the 2nd quarter worth about $460,000. Russell Investments Group Ltd. increased its holdings in Territorial Bancorp by 12.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 231,982 shares of the financial services provider’s stock worth $5,885,000 after purchasing an additional 26,042 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Territorial Bancorp by 24.9% during the 3rd quarter. Alliancebernstein L.P. now owns 317,644 shares of the financial services provider’s stock worth $8,062,000 after purchasing an additional 63,263 shares in the last quarter. Finally, Creative Planning bought a new position in Territorial Bancorp during the 3rd quarter worth about $492,000. Institutional investors and hedge funds own 54.04% of the company’s stock.

About Territorial Bancorp (Get Rating)

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that provides 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 accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and Super NOW accounts.

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