Territorial Bancorp (NASDAQ:TBNK) Coverage Initiated by Analysts at StockNews.com

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

Territorial Bancorp Stock Up 1.7 %

Shares of TBNK stock opened at $9.16 on Wednesday. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.60. The firm has a 50-day moving average price of $10.22 and a 200 day moving average price of $9.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%. The firm had revenue of $18.93 million for the quarter.

Territorial Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.15 dividend. The ex-dividend date was Friday, November 8th. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.55%. Territorial Bancorp’s payout ratio is currently -15.38%.

Hedge Funds Weigh In On Territorial Bancorp

A number of institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of Territorial Bancorp by 22.9% in the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after acquiring an additional 146,541 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Territorial Bancorp in the third quarter worth about $3,726,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Territorial Bancorp during the 2nd quarter worth approximately $501,000. International Assets Investment Management LLC grew its position in shares of Territorial Bancorp by 944.0% during the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after buying an additional 31,152 shares during the period. Finally, Atria Investments Inc grew its position in shares of Territorial Bancorp by 12.7% during the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,380 shares during the period. 50.35% of the stock is owned by 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.