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

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

Separately, Keefe, Bruyette & Woods boosted their price objective 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 Price Performance

TBNK opened at $10.39 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $9.59 and its 200 day simple moving average is $8.52. The firm has a market cap of $91.74 million, a price-to-earnings ratio of 41.56 and a beta of 0.61. Territorial Bancorp has a 1 year low of $6.85 and a 1 year high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last issued its earnings results on Friday, July 26th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%. The firm had revenue of $8.90 million during the quarter, compared to the consensus estimate of $8.96 million.

Territorial Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. Territorial Bancorp’s dividend payout ratio is currently 16.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TBNK. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Territorial Bancorp during the 2nd quarter valued at about $501,000. Longfellow Investment Management Co. LLC purchased a new stake in Territorial Bancorp in the second quarter worth about $37,000. International Assets Investment Management LLC bought a new stake in Territorial Bancorp during the 2nd quarter valued at approximately $27,000. Finally, Acadian Asset Management LLC grew its holdings in shares of Territorial Bancorp by 3.7% during the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after acquiring 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.