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

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

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

Territorial Bancorp Trading Up 1.5 %

Shares of TBNK opened at $10.74 on Wednesday. The company has a 50 day moving average price of $10.48 and a 200-day moving average price of $9.31. Territorial Bancorp has a fifty-two week low of $6.92 and a fifty-two week high of $11.64. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%. The firm had revenue of $18.93 million for the quarter.

Territorial Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.59%. The ex-dividend date is Friday, November 8th. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. Territorial Bancorp’s dividend payout ratio (DPR) is currently -15.38%.

Institutional Trading of Territorial Bancorp

Several institutional investors have recently modified their holdings of the stock. Atria Investments Inc grew its position in shares of Territorial Bancorp by 12.7% in 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 during the period. Acadian Asset Management LLC lifted its stake in shares of 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 worth $638,000 after buying an additional 2,801 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Territorial Bancorp in the second quarter worth about $27,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Territorial Bancorp in the second quarter worth about $37,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in Territorial Bancorp during the second quarter worth about $501,000. Institutional investors and hedge funds own 50.35% of the company’s stock.

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.