Territorial Bancorp (NASDAQ:TBNK) Coverage Initiated by Analysts at StockNews.com

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

Territorial Bancorp Trading Up 0.3 %

Shares of TBNK opened at $9.73 on Monday. The stock has a market capitalization of $85.94 million, a PE ratio of -37.42 and a beta of 0.61. The company’s fifty day moving average is $10.50 and its 200 day moving average is $9.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. Territorial Bancorp has a fifty-two week low of $6.92 and a fifty-two week high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results 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). The business had revenue of $18.93 million during the quarter. Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%.

Territorial Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.15 dividend. This is a boost from Territorial Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.17%. Territorial Bancorp’s payout ratio is -15.38%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Territorial Bancorp during the 2nd quarter valued at about $27,000. Longfellow Investment Management Co. LLC bought a new position in shares of Territorial Bancorp during the second quarter valued at approximately $37,000. Atria Investments Inc raised its holdings in shares of Territorial Bancorp by 12.7% in the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,380 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Territorial Bancorp during the 2nd quarter worth approximately $501,000. Finally, Oddo BHF Asset Management Sas purchased a new position in Territorial Bancorp during the 3rd 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.