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

Investment analysts at StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Territorial Bancorp Stock Performance

Shares of NASDAQ:TBNK opened at $8.33 on Wednesday. The business has a fifty day moving average of $8.34 and a 200-day moving average of $9.28. 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 has a twelve month low of $7.56 and a twelve month high of $11.44. The firm has a market cap of $73.57 million, a PE ratio of -16.66 and a beta of 0.59.

Institutional Trading of Territorial Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CKW Financial Group acquired a new position in Territorial Bancorp during the 4th quarter valued at about $35,000. Arrowstreet Capital Limited Partnership acquired a new position in Territorial Bancorp in the fourth quarter valued at approximately $99,000. Northern Trust Corp boosted its stake in Territorial Bancorp by 55.8% in the fourth quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 12,476 shares during the last quarter. Four Tree Island Advisory LLC bought a new position in Territorial Bancorp in the fourth quarter valued at approximately $364,000. Finally, Tabor Asset Management LP acquired a new stake in Territorial Bancorp during the 1st quarter worth $785,000. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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.