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

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

Territorial Bancorp Stock Performance

Shares of NASDAQ TBNK opened at $8.98 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. Territorial Bancorp has a one year low of $6.92 and a one year high of $11.60. The business’s 50-day moving average price is $10.16 and its two-hundred day moving average price is $9.90. The company has a market capitalization of $79.29 million, a P/E ratio of -34.54 and a beta of 0.62.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The firm had revenue of $18.93 million during the quarter. Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%.

Territorial Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Territorial Bancorp’s previous quarterly dividend of $0.01. This represents a $0.60 dividend on an annualized basis and a yield of 6.68%. Territorial Bancorp’s dividend payout ratio is currently -15.38%.

Institutional Trading of Territorial Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in TBNK. Atria Investments Inc raised its stake in shares of Territorial Bancorp by 12.7% in the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,380 shares in the last quarter. International Assets Investment Management LLC lifted its position in Territorial Bancorp by 944.0% during the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after acquiring an additional 31,152 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in Territorial Bancorp during the second quarter valued at about $501,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Territorial Bancorp in the third quarter valued at about $3,726,000. Finally, Wellington Management Group LLP increased its stake in shares of Territorial Bancorp by 22.9% in the third 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 period. Institutional investors and hedge funds own 50.35% of the company’s stock.

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.