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

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

Territorial Bancorp Stock Down 0.7 %

Shares of NASDAQ:TBNK opened at $10.61 on Friday. Territorial Bancorp has a 1-year low of $6.92 and a 1-year high of $11.64. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $93.69 million, a P/E ratio of -40.81 and a beta of 0.61. The firm has a fifty day moving average price of $10.70 and a 200 day moving average price of $9.60.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The business had revenue of $18.93 million for the quarter. Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%.

Territorial Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.66%. The ex-dividend date was Friday, November 8th. This is a boost from Territorial Bancorp’s previous quarterly dividend of $0.01. Territorial Bancorp’s dividend payout ratio is -15.38%.

Hedge Funds Weigh In On Territorial Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Territorial Bancorp during the 2nd quarter worth $27,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Territorial Bancorp during the second quarter worth about $37,000. Atria Investments Inc raised 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 worth $127,000 after purchasing an additional 1,380 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp in the second quarter valued at about $501,000. Finally, Oddo BHF Asset Management Sas purchased a new stake in Territorial Bancorp in the 3rd quarter valued at approximately $3,726,000. 50.35% of the stock is currently owned by hedge funds and other 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.