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

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

Territorial Bancorp Stock Performance

NASDAQ:TBNK opened at $8.37 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $73.92 million, a PE ratio of -16.74 and a beta of 0.59. Territorial Bancorp has a fifty-two week low of $6.92 and a fifty-two week high of $11.44. The company has a fifty day moving average of $8.60 and a two-hundred day moving average of $9.70.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share 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 company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.01 dividend. 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 dividend payout ratio is presently -8.00%.

Hedge Funds Weigh In On Territorial Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in Territorial Bancorp by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after acquiring an additional 146,541 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Territorial Bancorp in the third quarter valued at approximately $3,726,000. Four Tree Island Advisory LLC acquired a new stake in shares of Territorial Bancorp in the fourth quarter valued at approximately $364,000. CKW Financial Group acquired a new stake in shares of Territorial Bancorp in the fourth quarter valued at approximately $35,000. Finally, Northern Trust Corp lifted 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 buying an additional 12,476 shares in the last quarter. 50.35% of the stock is owned by hedge funds and other institutional investors.

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.