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

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

Territorial Bancorp Trading Up 2.3 %

TBNK traded up $0.22 during mid-day trading on Friday, hitting $9.89. The stock had a trading volume of 18,468 shares, compared to its average volume of 24,437. Territorial Bancorp has a 1-year low of $6.92 and a 1-year high of $11.64. The firm has a market capitalization of $87.35 million, a price-to-earnings ratio of -38.04 and a beta of 0.61. 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's fifty day simple moving average is $10.64 and its 200-day simple moving average is $9.70.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last posted its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (EPS) 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 business had revenue of $18.93 million during the quarter.

Territorial Bancorp Increases Dividend

The company 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 is an increase from Territorial Bancorp's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.60 annualized dividend and a dividend yield of 6.07%. Territorial Bancorp's dividend payout ratio (DPR) is currently -15.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Oddo BHF Asset Management Sas acquired a new position in Territorial Bancorp during the 3rd quarter worth approximately $3,726,000. Wellington Management Group LLP boosted its stake in shares of 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 last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in Territorial Bancorp during the second quarter worth about $501,000. International Assets Investment Management LLC boosted its position in Territorial Bancorp by 944.0% during the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider's stock valued at $3,300,000 after purchasing an additional 31,152 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new position in Territorial Bancorp in the second quarter valued at approximately $37,000. 50.35% of the stock is owned by institutional investors and hedge funds.

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.