Territorial Bancorp (NASDAQ:TBNK) Receives New Coverage from Analysts at StockNews.com

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

Separately, Keefe, Bruyette & Woods increased their target price on 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 Trading Down 0.7 %

Territorial Bancorp stock opened at $10.95 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.86 and a current ratio of 0.86. Territorial Bancorp has a 1 year low of $6.85 and a 1 year high of $11.64. The firm’s 50-day moving average is $9.97 and its 200-day moving average is $8.81. The company has a market cap of $96.71 million, a P/E ratio of 43.80 and a beta of 0.61.

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

Territorial Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors 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 0.37%. The ex-dividend date was Friday, August 9th. Territorial Bancorp’s dividend payout ratio (DPR) is 16.00%.

Institutional Trading of Territorial Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of Territorial Bancorp during the second quarter valued at $27,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Territorial Bancorp during the 2nd quarter worth about $37,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Territorial Bancorp in the 2nd quarter worth approximately $501,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of 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 valued at $638,000 after acquiring an additional 2,801 shares in the last quarter. 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.