Territorial Bancorp (NASDAQ:TBNK) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on TBNK. Piper Sandler raised shares of Territorial Bancorp from an underweight rating to a neutral rating and lifted their price target for the company from $8.00 to $8.50 in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods lowered their price target on shares of Territorial Bancorp from $10.00 to $9.66 and set a market perform rating for the company in a research report on Tuesday, May 14th.

Territorial Bancorp Trading Down 1.7 %

Shares of TBNK opened at $7.96 on Friday. The firm’s 50-day moving average price is $7.91 and its 200-day moving average price is $8.88. The firm has a market capitalization of $70.29 million, a price-to-earnings ratio of 31.84 and a beta of 0.61. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.97. Territorial Bancorp has a 1-year low of $6.85 and a 1-year high of $14.50.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Friday, May 3rd. The financial services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The company had revenue of $9.35 million for the quarter, compared to the consensus estimate of $9.86 million. Territorial Bancorp had a net margin of 3.06% and a return on equity of 0.89%. Sell-side analysts anticipate that Territorial Bancorp will post -0.15 EPS for the current year.

Territorial Bancorp Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 28th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, June 27th. This represents a yield of 0.38%. Territorial Bancorp’s dividend payout ratio (DPR) is currently 16.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. White Pine Capital LLC raised its holdings in Territorial Bancorp by 61.1% in the fourth quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock worth $566,000 after buying an additional 19,245 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Territorial Bancorp by 1,015.0% in the fourth quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock worth $410,000 after buying an additional 33,495 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after buying an additional 2,801 shares during the last quarter. 50.35% of the stock is owned by hedge funds and other institutional investors.

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.