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

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

Territorial Bancorp Stock Up 3.0 %

Territorial Bancorp stock opened at $8.33 on Wednesday. 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 stock has a 50 day moving average of $8.80 and a two-hundred day moving average of $9.80. The stock has a market capitalization of $73.57 million, a price-to-earnings ratio of -16.66 and a beta of 0.59. Territorial Bancorp has a twelve month low of $6.92 and a twelve month high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) EPS 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.01 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.48%. Territorial Bancorp’s dividend payout ratio is currently -8.00%.

Institutional Trading of Territorial Bancorp

Hedge funds have recently modified their holdings of the business. Atria Investments Inc increased its stake in Territorial Bancorp by 12.7% in the 3rd 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. Wellington Management Group LLP increased its stake in Territorial Bancorp by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after purchasing an additional 146,541 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Territorial Bancorp in the 3rd quarter valued at approximately $3,726,000. CKW Financial Group purchased a new position in Territorial Bancorp in the 4th quarter valued at approximately $35,000. Finally, Four Tree Island Advisory LLC purchased a new position in Territorial Bancorp in the 4th quarter valued at approximately $364,000. 50.35% of the stock is owned by institutional investors and hedge funds.

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.