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

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

TBNK has been the topic of a number of other reports. Keefe, Bruyette & Woods cut their price target on Territorial Bancorp from $10.00 to $9.66 and set a market perform rating on the stock in a report on Tuesday, May 14th. Piper Sandler upgraded Territorial Bancorp from an underweight rating to a neutral rating and increased their price target for the stock from $8.00 to $8.50 in a report on Tuesday, May 7th.

Territorial Bancorp Stock Performance

Shares of TBNK stock opened at $9.23 on Wednesday. The business’s 50 day simple moving average is $8.42 and its 200 day simple moving average is $8.57. Territorial Bancorp has a one year low of $6.85 and a one year high of $12.09. The stock has a market capitalization of $81.50 million, a PE ratio of 36.92 and a beta of 0.61. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.86.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Friday, May 3rd. The financial services provider reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.08). The company had revenue of $9.35 million during the quarter, compared to the consensus estimate of $9.86 million. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.

Territorial Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, August 9th. Territorial Bancorp’s dividend payout ratio is currently 16.00%.

Hedge Funds Weigh In On Territorial Bancorp

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Territorial Bancorp in the 2nd quarter worth $27,000. White Pine Capital LLC lifted its holdings in shares of 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 worth $566,000 after purchasing an additional 19,245 shares in the last quarter. Finally, Acadian Asset Management LLC lifted 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 worth $638,000 after purchasing an additional 2,801 shares in the last quarter. 50.35% of the stock is currently owned by 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.