Territorial Bancorp (NASDAQ:TBNK) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Territorial Bancorp Inc. (NASDAQ:TBNK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.80 and traded as high as $10.97. Territorial Bancorp shares last traded at $10.95, with a volume of 6,930 shares trading hands.

Wall Street Analysts Forecast Growth

TBNK has been the subject of several research analyst reports. StockNews.com assumed coverage on Territorial Bancorp in a research report on Saturday. They issued a “hold” rating for the company. Keefe, Bruyette & Woods increased their price objective on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a report on Wednesday, August 14th.

Territorial Bancorp Price Performance

The stock has a 50-day simple moving average of $9.97 and a 200 day simple moving average of $8.81. The stock has a market capitalization of $96.71 million, a P/E ratio of 43.80 and a beta of 0.61. 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 (NASDAQ:TBNK) last posted its quarterly earnings results on Friday, July 26th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $8.90 million during 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Friday, August 9th. Territorial Bancorp’s dividend payout ratio is 16.00%.

Hedge Funds Weigh In On Territorial Bancorp

Several large investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in shares of Territorial Bancorp during the 2nd quarter valued at $27,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Territorial Bancorp during the second quarter worth $37,000. Skandinaviska Enskilda Banken AB publ bought a new stake in Territorial Bancorp in the second quarter valued at about $501,000. Finally, Acadian Asset Management LLC lifted its stake 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 valued at $638,000 after buying an additional 2,801 shares during the period. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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.