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

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

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

Territorial Bancorp Stock Performance

Territorial Bancorp stock opened at $10.09 on Monday. The stock has a 50-day simple moving average of $10.21 and a 200 day simple moving average of $9.05. 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 52 week low of $6.90 and a 52 week high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The company had revenue of $18.93 million for 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.15 per share. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. This represents a $0.60 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Friday, November 8th. Territorial Bancorp’s payout ratio is currently -15.38%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Atria Investments Inc raised its position in Territorial Bancorp by 12.7% during the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,380 shares in the last quarter. 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 valued at $3,300,000 after purchasing an additional 31,152 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp during the second quarter valued at approximately $501,000. Longfellow Investment Management Co. LLC acquired a new position in Territorial Bancorp during the second quarter valued at approximately $37,000. Finally, Acadian Asset Management LLC raised its position in Territorial Bancorp by 3.7% during the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 2,801 shares in the last quarter. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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.