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

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

A number of other equities analysts have also recently commented on TBNK. Piper Sandler upgraded Territorial Bancorp from an underweight rating to a neutral rating and lifted their target price for the stock from $8.00 to $8.50 in a report on Tuesday, May 7th. Keefe, Bruyette & Woods decreased their price target on Territorial Bancorp from $10.00 to $9.66 and set a market perform rating for the company in a research note on Tuesday, May 14th.

Territorial Bancorp Price Performance

Shares of Territorial Bancorp stock opened at $7.67 on Friday. The stock has a market cap of $67.73 million, a price-to-earnings ratio of 30.68 and a beta of 0.66. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day moving average price of $7.82 and a 200-day moving average price of $8.94. Territorial Bancorp has a one year low of $6.85 and a one year high of $14.50.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Friday, May 3rd. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The company had revenue of $9.35 million during the quarter, compared to analysts’ expectations of $9.86 million. Territorial Bancorp had a return on equity of 0.89% and a net margin of 3.06%. Equities analysts expect that Territorial Bancorp will post -0.15 EPS for the current year.

Territorial Bancorp Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 28th will be paid a dividend of $0.01 per share. This represents a dividend yield of 0.38%. The ex-dividend date is Thursday, June 27th. Territorial Bancorp’s dividend payout ratio is currently 16.00%.

Institutional Investors Weigh In On Territorial Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. White Pine Capital LLC raised its position in Territorial Bancorp by 61.1% during the 4th quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock valued at $566,000 after purchasing an additional 19,245 shares in the last quarter. International Assets Investment Management LLC raised its position in Territorial Bancorp by 1,015.0% during the 4th quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 33,495 shares in the last quarter. Brandywine Global Investment Management LLC raised its position in Territorial Bancorp by 1.9% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 86,909 shares of the financial services provider’s stock valued at $790,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in Territorial Bancorp by 3.7% during the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 2,801 shares in the last quarter. 50.35% of the stock is owned by institutional investors.

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.