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

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

Territorial Bancorp Trading Down 1.8 %

Shares of NASDAQ:TBNK opened at $10.91 on Tuesday. The stock has a market cap of $96.36 million, a PE ratio of -42.73 and a beta of 0.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. Territorial Bancorp has a 12-month low of $6.90 and a 12-month high of $11.64. The business has a 50 day moving average of $10.32 and a 200-day moving average of $9.18.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter.

Territorial Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.50%. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date is Friday, November 8th. Territorial Bancorp’s dividend payout ratio is presently -15.38%.

Hedge Funds Weigh In On Territorial Bancorp

Several hedge funds have recently bought and sold shares of the company. Atria Investments Inc boosted 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 acquiring an additional 1,380 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Territorial Bancorp by 944.0% in the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock valued at $3,300,000 after buying an additional 31,152 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Territorial Bancorp in the second quarter valued at about $501,000. Longfellow Investment Management Co. LLC acquired a new position in Territorial Bancorp during the second quarter worth about $37,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of 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 worth $638,000 after acquiring an additional 2,801 shares during the last quarter. 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.