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

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

Territorial Bancorp Price Performance

NASDAQ:TBNK opened at $8.37 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 firm has a market cap of $73.92 million, a PE ratio of -16.74 and a beta of 0.59. Territorial Bancorp has a 12 month low of $6.92 and a 12 month high of $11.44. The company’s 50-day moving average price is $8.60 and its two-hundred day moving average price is $9.69.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Friday, January 31st. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative return on equity of 1.72% and a negative net margin of 5.74%.

Territorial Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.01 per share. The ex-dividend date was Friday, February 14th. This represents a $0.04 annualized dividend and a yield of 0.48%. Territorial Bancorp’s dividend payout ratio (DPR) is -8.00%.

Institutional Investors Weigh In On Territorial Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBNK. Oddo BHF Asset Management Sas bought a new stake in shares of Territorial Bancorp during the third quarter valued at approximately $3,726,000. Wellington Management Group LLP lifted its holdings in Territorial Bancorp by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after buying an additional 146,541 shares in the last quarter. CSS LLC IL boosted its position in Territorial Bancorp by 583.5% in the 4th quarter. CSS LLC IL now owns 110,774 shares of the financial services provider’s stock valued at $1,078,000 after buying an additional 94,566 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of Territorial Bancorp by 66.8% in the 4th quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider’s stock valued at $1,802,000 after buying an additional 74,207 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Territorial Bancorp by 8.3% during the fourth quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock worth $4,870,000 after acquiring an additional 38,500 shares during the last quarter. Institutional investors and hedge funds own 50.35% of the company’s stock.

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.