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

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

Separately, Keefe, Bruyette & Woods upped 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 Trading Down 1.8 %

Shares of TBNK stock opened at $10.91 on Tuesday. Territorial Bancorp has a twelve month low of $6.90 and a twelve month high of $11.64. The stock’s fifty day simple moving average is $10.32 and its 200 day simple moving average is $9.18. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $96.36 million, a P/E ratio of -42.73 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The firm 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 business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.15 dividend. This is a boost from Territorial Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date is Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 5.50%. Territorial Bancorp’s dividend payout ratio is presently -15.38%.

Hedge Funds Weigh In On Territorial Bancorp

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in Territorial Bancorp during the 2nd quarter worth approximately $27,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Territorial Bancorp during the second quarter worth $37,000. Atria Investments Inc raised its stake 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 worth $127,000 after buying an additional 1,380 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp in the second quarter valued at $501,000. Finally, Acadian Asset Management LLC lifted its holdings in Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after buying an additional 2,801 shares during the period. 50.35% of the stock is currently owned by institutional investors.

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.