Territorial Bancorp (NASDAQ:TBNK) Earns Hold Rating from Analysts at StockNews.com

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

Territorial Bancorp Stock Up 0.8 %

NASDAQ TBNK opened at $8.33 on Tuesday. The stock’s 50-day moving average price is $8.92 and its 200-day moving average price is $9.83. 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 has a 52 week low of $6.92 and a 52 week high of $11.44. The company has a market capitalization of $73.57 million, a P/E ratio of -16.66 and a beta of 0.61.

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

Territorial Bancorp Cuts Dividend

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

Institutional Trading of Territorial Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CKW Financial Group bought a new stake in Territorial Bancorp during the 4th quarter valued at approximately $35,000. Arrowstreet Capital Limited Partnership bought a new stake in Territorial Bancorp during the 4th quarter valued at approximately $99,000. Atria Investments Inc raised its stake 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 valued at $127,000 after purchasing an additional 1,380 shares during the period. Northern Trust Corp grew its holdings in Territorial Bancorp by 55.8% during the 4th quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock valued at $339,000 after buying an additional 12,476 shares in the last quarter. Finally, Four Tree Island Advisory LLC bought a new stake in Territorial Bancorp in the 4th quarter worth approximately $364,000. 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.