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

StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK - Free Report) in a report released on Sunday morning. The brokerage issued a hold rating on the financial services provider's stock.

Territorial Bancorp Trading Down 0.9 %

NASDAQ:TBNK traded down $0.08 during mid-day trading on Friday, reaching $8.54. The company's stock had a trading volume of 1,749 shares, compared to its average volume of 14,294. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $75.41 million, a P/E ratio of -17.08 and a beta of 0.61. The company's fifty day simple moving average is $9.37 and its two-hundred day simple moving average is $9.90. 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 earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) 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%.

Territorial Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, February 14th. Territorial Bancorp's dividend payout ratio is presently -8.00%.

Institutional Investors Weigh In On Territorial Bancorp

Several hedge funds have recently modified their holdings of TBNK. Wellington Management Group LLP increased 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 worth $8,208,000 after buying an additional 146,541 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of Territorial Bancorp in the third quarter worth about $3,726,000. Atria Investments Inc boosted its holdings in Territorial Bancorp by 12.7% in 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 during the last quarter. Four Tree Island Advisory LLC acquired a new stake in Territorial Bancorp during the 4th quarter valued at approximately $364,000. Finally, International Assets Investment Management LLC increased its holdings in 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 purchasing an additional 31,152 shares during the last quarter. 50.35% of the stock is currently 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.