StockNews.com Begins Coverage on Territorial Bancorp (NASDAQ:TBNK)

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

Territorial Bancorp Trading Down 0.5 %

Shares of NASDAQ:TBNK opened at $8.15 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.44. The business has a 50 day moving average of $8.66 and a two-hundred day moving average of $9.73. The company has a market capitalization of $71.98 million, a PE ratio of -16.30 and a beta of 0.59.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.01 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.49%. Territorial Bancorp’s payout ratio is -8.00%.

Institutional Trading of Territorial Bancorp

Several institutional investors have recently bought and sold shares of the business. CSS LLC IL raised its stake in shares of Territorial Bancorp by 583.5% during the 4th quarter. CSS LLC IL now owns 110,774 shares of the financial services provider’s stock worth $1,078,000 after buying an additional 94,566 shares during the period. Northern Trust Corp raised its position in Territorial Bancorp by 55.8% during the fourth quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 12,476 shares during the period. Susquehanna International Group LLP raised its position in Territorial Bancorp by 66.8% during the fourth quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider’s stock worth $1,802,000 after acquiring an additional 74,207 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Territorial Bancorp by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 432,371 shares of the financial services provider’s stock valued at $4,207,000 after purchasing an additional 19,870 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Territorial Bancorp by 8.3% in the fourth quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock valued at $4,870,000 after purchasing an additional 38,500 shares during the period. 50.35% of the stock is owned by institutional investors and hedge funds.

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.