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

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

Territorial Bancorp Stock Performance

Shares of TBNK opened at $8.33 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average price is $8.51 and its 200-day moving average price is $9.63. Territorial Bancorp has a 52 week low of $6.92 and a 52 week high of $11.44. The stock has a market cap of $73.57 million, a P/E ratio of -16.66 and a beta of 0.59.

Territorial Bancorp (NASDAQ:TBNK) last issued 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 return on equity of 1.72% and a negative net margin of 5.74%.

Territorial Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, February 14th. Territorial Bancorp’s payout ratio is currently -8.00%.

Institutional Investors Weigh In On Territorial Bancorp

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its stake in 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 during the period. Alliancebernstein L.P. lifted its position in Territorial Bancorp by 8.3% during 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. Dimensional Fund Advisors LP boosted its holdings in Territorial Bancorp by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 432,371 shares of the financial services provider’s stock worth $4,207,000 after purchasing an additional 19,870 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in Territorial Bancorp in the 3rd quarter worth approximately $3,726,000. Finally, Susquehanna International Group LLP raised its stake in 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 valued at $1,802,000 after buying an additional 74,207 shares during the last quarter. 50.35% of the stock is owned by hedge funds and other 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.