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

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

Territorial Bancorp Price Performance

Shares of TBNK opened at $10.78 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock has a market cap of $95.21 million, a PE ratio of -40.81 and a beta of 0.61. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.64. The business has a 50-day simple moving average of $10.70 and a two-hundred day simple moving average of $9.63.

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

Territorial Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.15 per share. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 5.57%. Territorial Bancorp’s payout ratio is currently -15.38%.

Hedge Funds Weigh In On Territorial Bancorp

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in Territorial Bancorp in the 2nd quarter valued at about $27,000. Longfellow Investment Management Co. LLC bought a new stake in Territorial Bancorp in the second quarter worth about $37,000. Atria Investments Inc boosted its stake in Territorial Bancorp by 12.7% in the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,380 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Territorial Bancorp during the second quarter valued at $501,000. Finally, Oddo BHF Asset Management Sas bought a new position in Territorial Bancorp during the third quarter valued at $3,726,000. 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.