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 Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods upped their target price on Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a report on Wednesday, August 14th.

Territorial Bancorp Stock Performance

Shares of TBNK stock opened at $10.81 on Thursday. The firm has a market capitalization of $95.45 million, a price-to-earnings ratio of -41.58 and a beta of 0.61. The stock has a fifty day moving average of $10.64 and a 200 day moving average of $9.46. 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.

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

Territorial Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.15 dividend. 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 dividend yield of 5.55%. The ex-dividend date was Friday, November 8th. Territorial Bancorp’s payout ratio is currently -15.38%.

Institutional Investors Weigh In On Territorial Bancorp

A number of institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in shares of Territorial Bancorp during the second quarter valued at approximately $27,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Territorial Bancorp in the 2nd quarter worth $37,000. Atria Investments Inc increased its holdings in shares of 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. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Territorial Bancorp in the second quarter worth $501,000. Finally, Wellington Management Group LLP lifted its holdings in shares of 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 purchasing an additional 146,541 shares in the last quarter. 50.35% of the stock is owned by hedge funds and other institutional investors.

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.