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

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

Territorial Bancorp Stock Performance

Shares of Territorial Bancorp stock opened at $9.73 on Monday. The firm has a market cap of $85.94 million, a price-to-earnings ratio of -37.42 and a beta of 0.61. Territorial Bancorp has a 52-week low of $6.92 and a 52-week high of $11.64. The company’s 50-day simple moving average is $10.46 and its 200-day simple moving average is $9.80. 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 (NASDAQ:TBNK) last announced its quarterly earnings data on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). The business had revenue of $18.93 million during the quarter. Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%.

Territorial Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 6.17%. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. Territorial Bancorp’s dividend payout ratio (DPR) is -15.38%.

Hedge Funds Weigh In On Territorial Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Territorial Bancorp by 22.9% in the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after purchasing an additional 146,541 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in shares of Territorial Bancorp during the 3rd quarter valued at approximately $3,726,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Territorial Bancorp during the 2nd quarter valued at approximately $501,000. International Assets Investment Management LLC boosted its stake in shares of Territorial Bancorp by 944.0% during the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after acquiring an additional 31,152 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Territorial Bancorp by 12.7% in the 3rd 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 period. 50.35% of the stock is 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.