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

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

Territorial Bancorp Price Performance

TBNK stock opened at $8.33 on Wednesday. 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 firm’s 50-day simple moving average is $8.33 and its 200 day simple moving average is $9.25. The stock has a market cap of $73.57 million, a PE ratio of -16.66 and a beta of 0.59. Territorial Bancorp has a fifty-two week low of $7.56 and a fifty-two week high of $11.44.

Hedge Funds Weigh In On Territorial Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CKW Financial Group bought a new stake in shares of Territorial Bancorp during the 4th quarter worth about $35,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Territorial Bancorp during the 4th quarter valued at $99,000. Northern Trust Corp lifted its holdings in shares of Territorial Bancorp by 55.8% during the fourth quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 12,476 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Territorial Bancorp by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 432,371 shares of the financial services provider’s stock valued at $4,207,000 after buying an additional 19,870 shares in the last quarter. Finally, Four Tree Island Advisory LLC acquired a new position in Territorial Bancorp in the 4th quarter worth approximately $364,000. 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.