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

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

Separately, Keefe, Bruyette & Woods upped their target price on shares of Territorial Bancorp from $9.66 to $11.27 and gave the company a market perform rating in a research note on Wednesday, August 14th.

Territorial Bancorp Price Performance

Shares of TBNK stock opened at $10.84 on Friday. The company has a market capitalization of $95.72 million, a PE ratio of -1,082.92 and a beta of 0.61. The firm has a fifty day simple moving average of $9.80 and a 200-day simple moving average of $8.73. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. Territorial Bancorp has a twelve month low of $6.85 and a twelve month high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Friday, July 26th. The financial services provider reported ($0.09) earnings per share 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 analysts’ expectations 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%. Territorial Bancorp’s dividend payout ratio (DPR) is -399.60%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted 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 valued at $638,000 after acquiring an additional 2,801 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Territorial Bancorp during the 2nd quarter valued at $501,000. Longfellow Investment Management Co. LLC bought a new position in Territorial Bancorp during the 2nd quarter valued at $37,000. Finally, International Assets Investment Management LLC bought a new position in Territorial Bancorp during the 2nd quarter valued at $27,000. 50.35% of the stock is currently owned by institutional investors.

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.