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

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

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

Territorial Bancorp Trading Up 9.8 %

Shares of Territorial Bancorp stock opened at $11.31 on Monday. The stock has a 50 day moving average of $10.25 and a 200 day moving average of $9.09. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $99.87 million, a price-to-earnings ratio of -43.50 and a beta of 0.61. Territorial Bancorp has a fifty-two week low of $6.90 and a fifty-two week high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). The business 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 disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.15 dividend. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 5.31%. Territorial Bancorp’s dividend payout ratio (DPR) is presently -15.38%.

Institutional Investors Weigh In On Territorial Bancorp

A number of hedge funds have recently added to or reduced their stakes in TBNK. International Assets Investment Management LLC acquired a new position in shares of Territorial Bancorp in the second quarter worth $27,000. Longfellow Investment Management Co. LLC acquired a new position in Territorial Bancorp during the 2nd quarter worth $37,000. Atria Investments Inc increased its holdings in Territorial Bancorp by 12.7% during the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,380 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp in the 2nd quarter valued at about $501,000. Finally, Acadian Asset Management LLC boosted its stake in shares of 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 valued at $638,000 after buying an additional 2,801 shares during the period. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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.