Territorial Bancorp (NASDAQ:TBNK) Now Covered by Analysts at StockNews.com

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

Territorial Bancorp Stock Up 0.1 %

Shares of TBNK stock opened at $8.29 on Monday. The stock’s 50 day simple moving average is $9.20 and its 200 day simple moving average is $9.88. Territorial Bancorp has a twelve month low of $6.92 and a twelve month high of $11.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $73.22 million, a price-to-earnings ratio of -16.58 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates 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 firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, February 14th. Territorial Bancorp’s dividend payout ratio is currently -8.00%.

Hedge Funds Weigh In On Territorial Bancorp

Several large investors have recently made changes to their positions in the business. CSS LLC IL increased its position in Territorial Bancorp by 583.5% in the 4th quarter. CSS LLC IL now owns 110,774 shares of the financial services provider’s stock worth $1,078,000 after buying an additional 94,566 shares during the period. Northern Trust Corp grew its stake in shares of Territorial Bancorp by 55.8% in the fourth quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 12,476 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Territorial Bancorp by 66.8% in the fourth quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider’s stock worth $1,802,000 after acquiring an additional 74,207 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Territorial Bancorp by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 432,371 shares of the financial services provider’s stock worth $4,207,000 after acquiring an additional 19,870 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Territorial Bancorp by 8.3% during the 4th quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock valued at $4,870,000 after purchasing an additional 38,500 shares during the last quarter. Institutional investors and hedge funds own 50.35% of the company’s stock.

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.