Territorial Bancorp (NASDAQ:TBNK) Research Coverage Started at StockNews.com

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

Territorial Bancorp Price Performance

Shares of TBNK stock opened at $8.62 on Friday. 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 company has a market capitalization of $76.13 million, a PE ratio of -17.24 and a beta of 0.61. The firm’s 50-day moving average is $9.37 and its two-hundred day moving average is $9.90. Territorial Bancorp has a 12 month low of $6.92 and a 12 month high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.01 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.04 annualized dividend and a yield of 0.46%. Territorial Bancorp’s dividend payout ratio (DPR) is currently -8.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in shares of Territorial Bancorp by 11.2% in the 4th quarter. Wellington Management Group LLP now owns 874,388 shares of the financial services provider’s stock valued at $8,508,000 after acquiring an additional 88,140 shares during the period. Alliancebernstein L.P. increased its holdings in Territorial Bancorp by 8.3% in the 4th quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock valued at $4,870,000 after purchasing an additional 38,500 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Territorial Bancorp by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 432,371 shares of the financial services provider’s stock valued at $4,207,000 after purchasing an additional 19,870 shares during the period. Oddo BHF Asset Management Sas acquired a new position in Territorial Bancorp during the third quarter worth $3,726,000. Finally, Susquehanna International Group LLP lifted its stake in Territorial Bancorp by 66.8% during the fourth quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider’s stock worth $1,802,000 after purchasing an additional 74,207 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.