Territorial Bancorp (NASDAQ:TBNK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note issued to investors on Sunday. The brokerage 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 increased their target price on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a market perform rating in a report on Wednesday, August 14th. Piper Sandler raised Territorial Bancorp from an underweight rating to a neutral rating and increased their price target for the company from $8.00 to $8.50 in a research report on Tuesday, May 7th.

Territorial Bancorp Trading Down 1.1 %

Shares of NASDAQ TBNK opened at $9.62 on Friday. 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 stock has a market capitalization of $84.94 million, a PE ratio of 38.40 and a beta of 0.61. Territorial Bancorp has a twelve month low of $6.85 and a twelve month high of $11.64. The stock has a fifty day simple moving average of $9.06 and a 200-day simple moving average of $8.41.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Friday, July 26th. The financial services provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The firm had revenue of $8.90 million for the quarter, compared to analysts’ expectations of $8.96 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.42%. Territorial Bancorp’s payout ratio is currently 16.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TBNK. Acadian Asset Management LLC lifted its position 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 valued at $638,000 after acquiring an additional 2,801 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Territorial Bancorp in the 2nd quarter valued at about $501,000. International Assets Investment Management LLC boosted its position 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 valued at $410,000 after purchasing an additional 33,495 shares during the period. Finally, Longfellow Investment Management Co. LLC purchased a new position in Territorial Bancorp during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 50.35% of the company’s stock.

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.