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

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

Territorial Bancorp Trading Down 3.3 %

Shares of Territorial Bancorp stock opened at $8.61 on Friday. The stock has a market capitalization of $76.03 million, a PE ratio of -17.22 and a beta of 0.61. Territorial Bancorp has a 52 week low of $6.92 and a 52 week high of $11.44. The stock has a 50 day moving average price of $9.62 and a two-hundred day moving average price of $9.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84.

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

Territorial Bancorp Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, February 14th. This represents a $0.04 annualized dividend and a yield of 0.46%. Territorial Bancorp’s dividend payout ratio (DPR) is currently -8.00%.

Hedge Funds Weigh In On Territorial Bancorp

Several large investors have recently bought and sold shares of TBNK. CKW Financial Group bought a new stake in shares of Territorial Bancorp in the 4th quarter worth $35,000. Atria Investments Inc lifted its position in shares of Territorial Bancorp by 12.7% during the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,380 shares in the last quarter. Four Tree Island Advisory LLC purchased a new position in Territorial Bancorp during the fourth quarter worth about $364,000. International Assets Investment Management LLC grew its position in Territorial Bancorp by 944.0% in the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after purchasing an additional 31,152 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in Territorial Bancorp in the 3rd quarter valued at about $3,726,000. 50.35% of the stock is currently owned by 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.