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

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

Territorial Bancorp Stock Performance

Shares of TBNK opened at $9.73 on Monday. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.64. The stock has a market cap of $85.94 million, a P/E ratio of -37.42 and a beta of 0.61. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $10.46 and a two-hundred day moving average of $9.80.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (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 for the quarter.

Territorial Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.15 per share. 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%. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. Territorial Bancorp’s dividend payout ratio (DPR) is presently -15.38%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TBNK. International Assets Investment Management LLC acquired a new stake in shares of Territorial Bancorp during the 2nd quarter worth about $27,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Territorial Bancorp during the second quarter valued at approximately $37,000. Atria Investments Inc boosted its position in Territorial Bancorp by 12.7% during the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,380 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Territorial Bancorp in the 2nd quarter worth approximately $501,000. Finally, Oddo BHF Asset Management Sas acquired a new position in Territorial Bancorp in the 3rd quarter valued at $3,726,000. Institutional investors and hedge funds 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.