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

StockNews.com started coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Several other analysts have also recently commented on the company. Keefe, Bruyette & Woods dropped their price target on Territorial Bancorp from $10.00 to $9.66 and set a market perform rating for the company in a research report on Tuesday, May 14th. Piper Sandler raised shares of Territorial Bancorp from an underweight rating to a neutral rating and upped their target price for the stock from $8.00 to $8.50 in a report on Tuesday, May 7th.

Territorial Bancorp Stock Performance

Shares of NASDAQ TBNK opened at $8.01 on Friday. The company has a market capitalization of $70.73 million, a PE ratio of 32.04 and a beta of 0.61. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.86 and a current ratio of 0.86. The company’s fifty day moving average price is $7.92 and its 200 day moving average price is $8.86. Territorial Bancorp has a 1 year low of $6.85 and a 1 year high of $14.50.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). Territorial Bancorp had a net margin of 3.06% and a return on equity of 0.89%. The business had revenue of $9.35 million during the quarter, compared to analysts’ expectations of $9.86 million. On average, research analysts predict that Territorial Bancorp will post -0.15 earnings per share for the current year.

Territorial Bancorp Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.01 per share. This represents a yield of 0.38%. The ex-dividend date of this dividend is Thursday, June 27th. Territorial Bancorp’s dividend payout ratio (DPR) is 16.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC increased its position in shares of Territorial Bancorp by 3.7% in the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 2,801 shares during the last quarter. White Pine Capital LLC lifted its position in shares of Territorial Bancorp by 61.1% during the 4th quarter. White Pine Capital LLC now owns 50,723 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 19,245 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Territorial Bancorp by 1,015.0% during the fourth quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 33,495 shares in the last quarter. Institutional investors and hedge funds 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.