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

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

Territorial Bancorp Price Performance

Shares of NASDAQ:TBNK opened at $8.33 on Wednesday. The firm has a market cap of $73.57 million, a PE ratio of -16.66 and a beta of 0.59. The company has a fifty day simple moving average of $8.33 and a 200 day simple moving average of $9.25. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Territorial Bancorp has a 12-month low of $7.56 and a 12-month high of $11.44.

Hedge Funds Weigh In On Territorial Bancorp

A number of hedge funds have recently bought and sold shares of the company. CKW Financial Group bought a new position in Territorial Bancorp during the 4th quarter worth approximately $35,000. Four Tree Island Advisory LLC bought a new position in Territorial Bancorp during the fourth quarter worth $364,000. Arrowstreet Capital Limited Partnership acquired a new position in Territorial Bancorp in the fourth quarter worth $99,000. Wellington Management Group LLP increased its stake in Territorial Bancorp by 11.2% during the fourth quarter. Wellington Management Group LLP now owns 874,388 shares of the financial services provider’s stock valued at $8,508,000 after purchasing an additional 88,140 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Territorial Bancorp by 8.3% during 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 during the period. 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.