Territorial Bancorp (NASDAQ:TBNK) Now Covered by Analysts at StockNews.com

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

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Territorial Bancorp from $9.66 to $11.27 and gave the company a “market perform” rating in a research report on Wednesday, August 14th.

Territorial Bancorp Price Performance

Shares of TBNK opened at $10.68 on Monday. The firm has a fifty day simple moving average of $10.27 and a two-hundred day simple moving average of $9.10. The firm has a market cap of $94.30 million, a PE ratio of -41.08 and a beta of 0.61. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. Territorial Bancorp has a 1-year low of $6.90 and a 1-year high of $11.64.

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

Territorial Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 8th. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. This represents a $0.60 annualized dividend and a yield of 5.62%. Territorial Bancorp’s payout ratio is -15.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TBNK. International Assets Investment Management LLC bought a new stake in Territorial Bancorp during the 2nd quarter worth approximately $27,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Territorial Bancorp in the second quarter worth $37,000. Atria Investments Inc increased its stake in shares of Territorial Bancorp by 12.7% in the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,380 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Territorial Bancorp during the 2nd quarter valued at $501,000. Finally, Acadian Asset Management LLC lifted its stake in shares of 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 buying an additional 2,801 shares in the last quarter. 50.35% of the stock is currently owned by institutional investors.

Territorial Bancorp Company Profile

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.