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 research report released on Sunday. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods increased their price objective on Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th.

Territorial Bancorp Stock Up 1.3 %

NASDAQ:TBNK opened at $10.43 on Friday. The stock has a fifty day simple moving average of $10.17 and a 200-day simple moving average of $8.97. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95. The company has a market cap of $92.10 million, a price-to-earnings ratio of -1,041.96 and a beta of 0.61. Territorial Bancorp has a twelve month low of $6.90 and a twelve month high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data 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). The company had revenue of $18.93 million during the quarter. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.

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 dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.75%. Territorial Bancorp’s dividend payout ratio (DPR) is currently -399.60%.

Hedge Funds Weigh In On Territorial Bancorp

A number of large investors have recently bought and sold shares of TBNK. Acadian Asset Management LLC increased its holdings 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 acquiring an additional 2,801 shares during the period. International Assets Investment Management LLC purchased a new position in Territorial Bancorp in the second quarter valued at about $27,000. Longfellow Investment Management Co. LLC purchased a new position in Territorial Bancorp in the second quarter valued at about $37,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Territorial Bancorp in the second quarter worth about $501,000. Institutional investors 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.