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

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

Territorial Bancorp Trading Up 1.3 %

Shares of TBNK stock opened at $8.36 on Wednesday. The firm has a market capitalization of $73.84 million, a P/E ratio of -16.72 and a beta of 0.59. Territorial Bancorp has a 1 year low of $6.92 and a 1 year high of $11.44. The firm’s fifty day simple moving average is $8.75 and its 200 day simple moving average is $9.78. 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 (NASDAQ:TBNK) last released its earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

Territorial Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.48%. Territorial Bancorp’s payout ratio is -8.00%.

Hedge Funds Weigh In On Territorial Bancorp

A number of hedge funds have recently made changes to their positions in the business. CKW Financial Group acquired a new stake in shares of Territorial Bancorp during the 4th quarter valued at about $35,000. Arrowstreet Capital Limited Partnership bought a new position in Territorial Bancorp during the fourth quarter worth about $99,000. Atria Investments Inc boosted its holdings in 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. Northern Trust Corp grew its stake in shares of Territorial Bancorp by 55.8% in the 4th quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 12,476 shares during the period. Finally, Four Tree Island Advisory LLC bought a new stake in shares of Territorial Bancorp in the 4th quarter valued at approximately $364,000. 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.