Territorial Bancorp (NASDAQ:TBNK) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Territorial Bancorp Inc. (NASDAQ:TBNK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.80 and traded as high as $10.97. Territorial Bancorp shares last traded at $10.95, with a volume of 6,930 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TBNK shares. StockNews.com began coverage on shares of Territorial Bancorp in a research note on Saturday. They issued a “hold” rating for the company. Keefe, Bruyette & Woods upped their price objective 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 Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average price of $9.97 and a two-hundred day moving average price of $8.81. The firm has a market cap of $96.71 million, a P/E ratio of 43.80 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Friday, July 26th. The financial services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The company had revenue of $8.90 million during the quarter, compared to the consensus estimate 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. Investors of record on Friday, August 9th were given a $0.01 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.04 annualized dividend and a yield of 0.37%. Territorial Bancorp’s dividend payout ratio is currently 16.00%.

Hedge Funds Weigh In On Territorial Bancorp

A number of large investors have recently added to or reduced their stakes in TBNK. International Assets Investment Management LLC bought a new stake in shares of Territorial Bancorp in the second quarter valued at about $27,000. Longfellow Investment Management Co. LLC acquired a new stake in Territorial Bancorp in the 2nd quarter valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ bought a new stake in Territorial Bancorp in the 2nd quarter valued at approximately $501,000. Finally, Acadian Asset Management LLC boosted its position 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 acquiring an additional 2,801 shares during the last quarter. 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.