Territorial Bancorp (NASDAQ:TBNK) Research Coverage Started at 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.

Territorial Bancorp Price Performance

Shares of NASDAQ:TBNK opened at $8.36 on Wednesday. The stock has a market cap of $73.84 million, a price-to-earnings ratio of -16.72 and a beta of 0.59. 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 12 month low of $6.92 and a 12 month high of $11.44. The stock’s 50 day moving average price is $8.75 and its 200 day moving average price is $9.78.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

Territorial Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, February 14th. Territorial Bancorp’s payout ratio is -8.00%.

Hedge Funds Weigh In On Territorial Bancorp

A number of institutional investors have recently bought and sold shares of TBNK. CKW Financial Group acquired a new position in Territorial Bancorp during the fourth quarter valued at $35,000. Arrowstreet Capital Limited Partnership acquired a new position in Territorial Bancorp during the fourth quarter valued at approximately $99,000. Atria Investments Inc lifted its stake 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 worth $127,000 after buying an additional 1,380 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Territorial Bancorp by 55.8% during the 4th quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock worth $339,000 after buying an additional 12,476 shares during the period. Finally, Four Tree Island Advisory LLC acquired a new position in Territorial Bancorp in the 4th quarter valued at $364,000. Hedge funds and other institutional investors 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.