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

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

Territorial Bancorp Stock Up 2.3 %

TBNK stock opened at $9.89 on Friday. The company has a market capitalization of $87.35 million, a price-to-earnings ratio of -38.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50 day moving average price is $10.64 and its two-hundred day moving average price is $9.70. Territorial Bancorp has a fifty-two week low of $6.92 and a fifty-two week high of $11.64.

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

Territorial Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.15 per share. This is a boost from Territorial Bancorp’s previous quarterly dividend of $0.01. This represents a $0.60 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date was Friday, November 8th. Territorial Bancorp’s dividend payout ratio (DPR) is -15.38%.

Institutional Investors Weigh In On Territorial Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oddo BHF Asset Management Sas purchased a new position in shares of Territorial Bancorp during the third quarter valued at approximately $3,726,000. Wellington Management Group LLP raised its stake in Territorial Bancorp by 22.9% during the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after buying an additional 146,541 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in Territorial Bancorp in the second quarter worth $501,000. International Assets Investment Management LLC grew its stake in shares of 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 worth $3,300,000 after acquiring an additional 31,152 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new position in shares of Territorial Bancorp during the second quarter valued at $37,000. 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.