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

StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK - Free Report) in a research note issued to investors on Monday. The firm issued a hold rating on the financial services provider's stock.

Territorial Bancorp Stock Down 0.4 %

Shares of Territorial Bancorp stock traded down $0.03 during trading hours on Monday, hitting $8.34. The company had a trading volume of 2,292 shares, compared to its average volume of 13,271. The company has a market cap of $73.66 million, a P/E ratio of -16.68 and a beta of 0.61. The company's 50-day moving average is $9.08 and its two-hundred day moving average is $9.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. Territorial Bancorp has a twelve month low of $6.92 and a twelve month high of $11.44.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates 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%.

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Territorial Bancorp Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.48%. Territorial Bancorp's dividend payout ratio is currently -8.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Atria Investments Inc lifted its stake in Territorial Bancorp by 12.7% in the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider's stock worth $127,000 after acquiring an additional 1,380 shares in the last quarter. CKW Financial Group acquired a new stake in Territorial Bancorp during the fourth quarter worth about $35,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Territorial Bancorp during the 4th quarter valued at about $99,000. Northern Trust Corp lifted its holdings in shares of Territorial Bancorp by 55.8% during the fourth quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider's stock valued at $339,000 after acquiring an additional 12,476 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $4,207,000 after buying an additional 19,870 shares in the last quarter. Institutional investors and hedge funds own 50.35% of the company's stock.

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.