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

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

Territorial Bancorp Trading Down 0.2 %

Shares of Territorial Bancorp stock opened at $9.71 on Friday. The stock has a market capitalization of $85.76 million, a PE ratio of -37.34 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 stock has a 50 day moving average price of $10.62 and a two-hundred day moving average price of $9.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%. The business had revenue of $18.93 million during the quarter.

Territorial Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date was Friday, November 8th. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. Territorial Bancorp’s dividend payout ratio (DPR) is currently -15.38%.

Hedge Funds Weigh In On Territorial Bancorp

A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in shares of Territorial Bancorp during the second quarter valued at about $27,000. Longfellow Investment Management Co. LLC purchased a new stake in Territorial Bancorp in the 2nd quarter valued at about $37,000. Atria Investments Inc lifted its position in shares of 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 buying an additional 1,380 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Territorial Bancorp in the 2nd quarter worth approximately $501,000. Finally, Oddo BHF Asset Management Sas bought a new position in shares of Territorial Bancorp in the third quarter valued at approximately $3,726,000. 50.35% of the stock is owned by hedge funds and other 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.