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

StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report report published on Monday. The brokerage issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Stock Up 0.3 %

NASDAQ TBNK opened at $9.73 on Monday. Territorial Bancorp has a 52 week low of $6.92 and a 52 week high of $11.64. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $85.94 million, a P/E ratio of -37.42 and a beta of 0.61. The stock’s 50-day moving average price is $10.50 and its 200-day moving average price is $9.79.

Territorial Bancorp (NASDAQ:TBNK) last released its earnings results 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). The firm had revenue of $18.93 million for 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 disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.15 dividend. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.17%. Territorial Bancorp’s dividend payout ratio is -15.38%.

Institutional Trading of Territorial Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas purchased a new stake in Territorial Bancorp during the 3rd quarter valued at approximately $3,726,000. Wellington Management Group LLP grew 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 acquiring an additional 146,541 shares in the last quarter. Atria Investments Inc lifted its stake in Territorial Bancorp by 12.7% in the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,380 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Territorial Bancorp by 944.0% in 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 purchasing an additional 31,152 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Territorial Bancorp during the second quarter valued at about $501,000. Institutional investors 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.