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

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

Several other analysts also recently issued reports on TBNK. Keefe, Bruyette & Woods reduced their price objective on Territorial Bancorp from $10.00 to $9.66 and set a market perform rating on the stock in a research report on Tuesday, May 14th. Piper Sandler upgraded Territorial Bancorp from an underweight rating to a neutral rating and upped their price target for the stock from $8.00 to $8.50 in a research note on Tuesday, May 7th.

Territorial Bancorp Trading Down 0.1 %

NASDAQ:TBNK opened at $8.41 on Monday. The firm has a market cap of $74.28 million, a P/E ratio of 33.64 and a beta of 0.64. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.97. The stock’s 50 day simple moving average is $7.87 and its 200-day simple moving average is $8.90. Territorial Bancorp has a 12-month low of $6.85 and a 12-month high of $14.50.

Territorial Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, May 24th. Territorial Bancorp’s dividend payout ratio is currently 16.00%.

Institutional Trading of Territorial Bancorp

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in shares of Territorial Bancorp by 1,015.0% in the 4th quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 33,495 shares during the last quarter. White Pine Capital LLC increased its position in Territorial Bancorp by 61.1% in the 4th quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock valued at $566,000 after acquiring an additional 19,245 shares during the period. Acadian Asset Management LLC increased its position in 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. Finally, Brandywine Global Investment Management LLC increased its position in Territorial Bancorp by 1.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 86,909 shares of the financial services provider’s stock valued at $790,000 after acquiring an additional 1,600 shares during the period. 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.