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

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

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

Territorial Bancorp Stock Up 0.3 %

Shares of NASDAQ:TBNK opened at $10.39 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. Territorial Bancorp has a 52-week low of $6.85 and a 52-week high of $11.64. The company has a 50 day moving average of $9.60 and a two-hundred day moving average of $8.54. The company has a market capitalization of $91.74 million, a price-to-earnings ratio of 41.56 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Friday, July 26th. The financial services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%. The company had revenue of $8.90 million for the quarter, compared to analyst estimates of $8.96 million.

Territorial Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Friday, August 9th. Territorial Bancorp’s dividend payout ratio is presently 16.00%.

Hedge Funds Weigh In On Territorial Bancorp

A number of hedge funds have recently added to or reduced their stakes in TBNK. Acadian Asset Management LLC boosted its holdings in Territorial Bancorp by 3.7% in the first 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 during the period. International Assets Investment Management LLC acquired a new position in Territorial Bancorp in the second quarter worth $27,000. Longfellow Investment Management Co. LLC acquired a new position in Territorial Bancorp in the second quarter worth $37,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp in the second quarter worth $501,000. Institutional investors and hedge funds 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.