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

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

Territorial Bancorp Price Performance

NASDAQ:TBNK traded up $0.03 during trading hours on Monday, hitting $9.73. 19,448 shares of the stock traded hands, compared to its average volume of 24,240. The stock has a 50 day moving average price of $10.50 and a 200 day moving average price of $9.79. 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 company has a market cap of $85.94 million, a price-to-earnings ratio of -37.42 and a beta of 0.61. Territorial Bancorp has a 1 year low of $6.92 and a 1 year high of $11.64.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last released its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.10). Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%. The firm had revenue of $18.93 million for the quarter.

Territorial Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.17%. This is an increase from Territorial Bancorp's previous quarterly dividend of $0.01. The ex-dividend date was Friday, November 8th. Territorial Bancorp's dividend payout ratio is presently -15.38%.

Institutional Investors Weigh In On Territorial Bancorp

Several institutional investors and hedge funds have recently modified their holdings of TBNK. Oddo BHF Asset Management Sas purchased a new position in shares of Territorial Bancorp during the third quarter valued at about $3,726,000. Wellington Management Group LLP grew its holdings 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 buying an additional 146,541 shares in the last quarter. Atria Investments Inc increased 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 during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Territorial Bancorp by 944.0% during 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 acquiring an additional 31,152 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Territorial Bancorp during the 2nd quarter valued at approximately $501,000. Institutional investors 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.