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

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

Territorial Bancorp Trading Down 0.5 %

NASDAQ:TBNK opened at $8.15 on Thursday. The stock has a market capitalization of $71.98 million, a price-to-earnings ratio of -16.30 and a beta of 0.59. Territorial Bancorp has a 52 week low of $6.92 and a 52 week high of $11.44. 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 firm has a 50 day moving average of $8.66 and a 200 day moving average of $9.73.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.49%. Territorial Bancorp’s payout ratio is -8.00%.

Hedge Funds Weigh In On Territorial Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of TBNK. Wellington Management Group LLP increased 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 purchasing an additional 88,140 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of 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 buying an additional 38,500 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Territorial Bancorp by 4.8% in 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 acquiring an additional 19,870 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Territorial Bancorp in the 3rd quarter worth $3,726,000. Finally, Susquehanna International Group LLP lifted its position 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 worth $1,802,000 after acquiring an additional 74,207 shares during the period. 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.