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

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

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

Territorial Bancorp Stock Performance

TBNK stock opened at $10.92 on Thursday. The firm has a 50-day simple moving average of $10.63 and a 200-day simple moving average of $9.42. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. Territorial Bancorp has a 52 week low of $6.92 and a 52 week high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last released 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). 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 firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. This represents a $0.60 dividend on an annualized basis and a yield of 5.49%. Territorial Bancorp’s payout ratio is presently -15.38%.

Hedge Funds Weigh In On Territorial Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of TBNK. International Assets Investment Management LLC acquired a new position in Territorial Bancorp during the second quarter worth about $27,000. Longfellow Investment Management Co. LLC acquired a new position in Territorial Bancorp during the second quarter worth about $37,000. Atria Investments Inc boosted 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 worth $127,000 after acquiring an additional 1,380 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp during the second quarter worth about $501,000. Finally, Wellington Management Group LLP boosted its position in Territorial Bancorp by 22.9% during the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after acquiring an additional 146,541 shares during the last quarter. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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.