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

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

Territorial Bancorp Price Performance

Shares of NASDAQ TBNK opened at $8.33 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. Territorial Bancorp has a one year low of $6.92 and a one year high of $11.44. The company’s fifty day moving average is $8.43 and its two-hundred day moving average is $9.56. The firm has a market capitalization of $73.57 million, a P/E ratio of -16.66 and a beta of 0.59.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

Territorial Bancorp Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Friday, February 14th. Territorial Bancorp’s payout ratio is currently -8.00%.

Institutional Trading of Territorial Bancorp

Several hedge funds have recently made changes to their positions in TBNK. CKW Financial Group bought a new position in shares of Territorial Bancorp in the fourth quarter worth $35,000. Arrowstreet Capital Limited Partnership purchased a new stake in Territorial Bancorp during the fourth quarter valued at about $99,000. Northern Trust Corp raised its stake in Territorial Bancorp by 55.8% during the 4th quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock valued at $339,000 after purchasing an additional 12,476 shares during the period. Four Tree Island Advisory LLC purchased a new position in Territorial Bancorp during the 4th quarter valued at about $364,000. Finally, CSS LLC IL increased its stake in shares of Territorial Bancorp by 583.5% in the fourth quarter. CSS LLC IL now owns 110,774 shares of the financial services provider’s stock worth $1,078,000 after acquiring an additional 94,566 shares during the last quarter. 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.