StockNews.com Begins Coverage on Territorial Bancorp (NASDAQ:TBNK)

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

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

Territorial Bancorp Trading Up 3.7 %

NASDAQ:TBNK opened at $10.47 on Tuesday. The company has a market cap of $92.45 million, a P/E ratio of 41.88 and a beta of 0.61. Territorial Bancorp has a 1 year low of $6.85 and a 1 year high of $11.64. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $8.47.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The company had revenue of $8.90 million for the quarter, compared to analysts’ expectations of $8.96 million. Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%.

Territorial Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, August 9th. Territorial Bancorp’s payout ratio is 16.00%.

Institutional Trading of Territorial Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of Territorial Bancorp in the second quarter worth approximately $27,000. Longfellow Investment Management Co. LLC bought a new position in shares of Territorial Bancorp in the 2nd quarter worth $37,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Territorial Bancorp during the 2nd quarter valued at $501,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Territorial Bancorp by 3.7% during the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 2,801 shares during the last quarter. Hedge funds and other 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.