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

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

Separately, Keefe, Bruyette & Woods lifted their price objective on Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a report on Wednesday, August 14th.

Territorial Bancorp Stock Performance

Shares of TBNK opened at $10.94 on Wednesday. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.64. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The company has a market cap of $96.60 million, a PE ratio of -42.08 and a beta of 0.61. The stock has a 50-day moving average price of $10.56 and a 200-day moving average price of $9.35.

Territorial Bancorp (NASDAQ:TBNK) last released its earnings results 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 during the quarter.

Territorial Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.15 dividend. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 5.48%. Territorial Bancorp’s dividend payout ratio is -15.38%.

Hedge Funds Weigh In On Territorial Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBNK. International Assets Investment Management LLC bought a new position in shares of Territorial Bancorp in the 2nd quarter worth about $27,000. Longfellow Investment Management Co. LLC purchased a new stake in Territorial Bancorp in the second quarter worth about $37,000. Atria Investments Inc increased its stake in shares of Territorial Bancorp by 12.7% during the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,380 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Territorial Bancorp during the 2nd quarter valued at approximately $501,000. Finally, Acadian Asset Management LLC boosted its stake in Territorial Bancorp by 3.7% in the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 2,801 shares in the last quarter. Hedge funds and other institutional investors own 50.35% of the company’s stock.

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.