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

StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a report released on Friday morning. 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 report on Wednesday, August 14th.

Territorial Bancorp Stock Performance

Shares of TBNK opened at $10.84 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 cap of $95.72 million, a P/E ratio of -1,082.92 and a beta of 0.61. The company has a 50-day moving average of $9.80 and a two-hundred day moving average of $8.73. Territorial Bancorp has a 12-month low of $6.85 and a 12-month high of $11.64.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results 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 business had revenue of $8.90 million for the quarter, compared to analyst estimates 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Friday, August 9th. Territorial Bancorp’s dividend payout ratio is presently -399.60%.

Hedge Funds Weigh In On Territorial Bancorp

A number of institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its position in Territorial Bancorp by 3.7% during the first 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 during the last quarter. International Assets Investment Management LLC acquired a new position in Territorial Bancorp during the second quarter worth approximately $27,000. Longfellow Investment Management Co. LLC acquired a new position in Territorial Bancorp during the second quarter worth approximately $37,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Territorial Bancorp during the second quarter worth approximately $501,000. 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.