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

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

Territorial Bancorp Stock Up 2.2 %

TBNK stock opened at $8.37 on Monday. Territorial Bancorp has a 52 week low of $6.92 and a 52 week high of $11.44. The company has a market capitalization of $73.92 million, a price-to-earnings ratio of -16.74 and a beta of 0.61. The firm’s 50-day moving average is $9.08 and its two-hundred day moving average is $9.86. 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 (NASDAQ:TBNK) last released its earnings results on Friday, January 31st. The financial services provider reported ($0.20) 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Friday, February 14th. Territorial Bancorp’s dividend payout ratio is -8.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Territorial Bancorp by 11.2% during the 4th quarter. Wellington Management Group LLP now owns 874,388 shares of the financial services provider’s stock valued at $8,508,000 after acquiring an additional 88,140 shares in the last quarter. Alliancebernstein L.P. increased its position in Territorial Bancorp by 8.3% in the 4th quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock worth $4,870,000 after buying an additional 38,500 shares during the period. Dimensional Fund Advisors LP raised its stake in Territorial Bancorp by 4.8% during the 4th 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 during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Territorial Bancorp during the third quarter worth about $3,726,000. Finally, Susquehanna International Group LLP grew its holdings in shares of Territorial Bancorp by 66.8% during the 4th quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider’s stock worth $1,802,000 after purchasing an additional 74,207 shares in the last quarter. 50.35% of the stock is owned by institutional investors and hedge funds.

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.