StockNews.com Begins Coverage on Territorial Bancorp (NASDAQ:TBNK)

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

Several other brokerages have also issued reports on TBNK. Keefe, Bruyette & Woods reduced their price target on Territorial Bancorp from $10.00 to $9.66 and set a market perform rating for the company in a report on Tuesday, May 14th. Piper Sandler raised Territorial Bancorp from an underweight rating to a neutral rating and raised their price objective for the company from $8.00 to $8.50 in a research note on Tuesday, May 7th.

Territorial Bancorp Stock Down 4.0 %

Shares of Territorial Bancorp stock opened at $9.23 on Wednesday. The firm has a market cap of $81.50 million, a price-to-earnings ratio of 36.92 and a beta of 0.61. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.86. Territorial Bancorp has a 52-week low of $6.85 and a 52-week high of $12.09. The stock has a 50-day simple moving average of $8.42 and a 200-day simple moving average of $8.59.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Friday, May 3rd. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08). The firm had revenue of $9.35 million for the quarter, compared to analyst estimates of $9.86 million. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.

Territorial Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, August 9th. Territorial Bancorp’s payout ratio is 16.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC increased its position in Territorial Bancorp by 3.7% in the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after buying an additional 2,801 shares during the period. International Assets Investment Management LLC bought a new position in Territorial Bancorp in the 2nd quarter worth approximately $27,000. Finally, White Pine Capital LLC increased its position in Territorial Bancorp by 61.1% in the 4th quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock worth $566,000 after buying an additional 19,245 shares during the period. 50.35% of the stock is 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.