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

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

Other analysts have also recently issued reports about the company. Piper Sandler raised Territorial Bancorp from an underweight rating to a neutral rating and upped their target price for the company from $8.00 to $8.50 in a research report on Tuesday, May 7th. Keefe, Bruyette & Woods decreased their price objective on Territorial Bancorp from $10.00 to $9.66 and set a market perform rating for the company in a report on Tuesday, May 14th.

Territorial Bancorp Trading Up 2.2 %

NASDAQ TBNK opened at $9.95 on Tuesday. The firm’s fifty day moving average price is $8.24 and its 200 day moving average price is $8.64. Territorial Bancorp has a 12 month low of $6.85 and a 12 month high of $14.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $87.86 million, a price-to-earnings ratio of 39.80 and a beta of 0.61.

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

Territorial Bancorp Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 28th were issued a $0.01 dividend. The ex-dividend date was Thursday, June 27th. This represents a dividend yield of 0.38%. Territorial Bancorp’s payout ratio is 16.00%.

Hedge Funds Weigh In On Territorial Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. White Pine Capital LLC lifted its position in 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 acquiring an additional 19,245 shares during the period. International Assets Investment Management LLC raised 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 during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Territorial Bancorp by 3.7% during the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after purchasing an additional 2,801 shares during the period. Hedge funds and other 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.