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

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

Separately, Keefe, Bruyette & Woods lifted their price target 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 Stock Performance

Shares of Territorial Bancorp stock opened at $10.43 on Friday. The company has a 50 day moving average price of $10.17 and a 200 day moving average price of $8.97. The firm has a market capitalization of $92.10 million, a P/E ratio of -1,041.96 and a beta of 0.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. Territorial Bancorp has a 52 week low of $6.90 and a 52 week high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%. The company had revenue of $18.93 million for the quarter.

Territorial Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. This represents a $0.60 dividend on an annualized basis and a yield of 5.75%. Territorial Bancorp’s payout ratio is currently -399.60%.

Institutional Trading of Territorial Bancorp

Hedge funds have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Territorial Bancorp during the 2nd quarter worth approximately $501,000. International Assets Investment Management LLC raised its position in Territorial Bancorp by 944.0% during the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after acquiring an additional 31,152 shares during the period. Longfellow Investment Management Co. LLC purchased a new stake in shares of Territorial Bancorp during the second quarter worth about $37,000. Finally, Acadian Asset Management LLC increased its stake in Territorial Bancorp by 3.7% during the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after buying an additional 2,801 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.