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

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

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

Territorial Bancorp Stock Performance

TBNK opened at $10.47 on Tuesday. Territorial Bancorp has a 1-year low of $6.85 and a 1-year high of $11.64. The company has a market cap of $92.45 million, a price-to-earnings ratio of 41.88 and a beta of 0.61. The company’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $8.47. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results on Friday, July 26th. The financial services provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The business had revenue of $8.90 million during the quarter, compared to analyst estimates of $8.96 million. Territorial Bancorp had a negative return on equity of 0.02% and a negative net margin of 0.06%.

Territorial Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were given a $0.01 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.04 annualized dividend and a yield of 0.38%. Territorial Bancorp’s dividend payout ratio is currently 16.00%.

Institutional Investors Weigh In On Territorial Bancorp

A number of hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new stake in Territorial Bancorp during the second quarter worth about $27,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Territorial Bancorp during the 2nd quarter worth approximately $37,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Territorial Bancorp in the 2nd quarter worth approximately $501,000. Finally, Acadian Asset Management LLC lifted its stake in Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after purchasing an additional 2,801 shares during the last quarter. 50.35% of the stock is currently owned by institutional investors.

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.