Territorial Bancorp (NASDAQ:TBNK) Earns Hold Rating from Analysts at StockNews.com

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

Separately, Keefe, Bruyette & Woods increased their price target on Territorial Bancorp from $9.66 to $11.27 and gave the company a "market perform" rating in a research report on Wednesday, August 14th.

Territorial Bancorp Trading Up 1.5 %

NASDAQ TBNK traded up $0.16 on Wednesday, reaching $10.74. 9,661 shares of the company were exchanged, compared to its average volume of 25,330. Territorial Bancorp has a fifty-two week low of $6.92 and a fifty-two week high of $11.64. The stock has a market capitalization of $94.83 million, a P/E ratio of -40.69 and a beta of 0.61. The business's fifty day moving average price is $10.48 and its 200 day moving average price is $9.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71.

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

Territorial Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Territorial Bancorp's previous quarterly dividend of $0.01. Territorial Bancorp's dividend payout ratio is -15.38%.

Institutional Trading of Territorial Bancorp

Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Territorial Bancorp during the 2nd quarter valued at about $27,000. Longfellow Investment Management Co. LLC purchased a new position in Territorial Bancorp during the second quarter worth $37,000. Atria Investments Inc raised its holdings in shares of Territorial Bancorp by 12.7% in the third 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. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Territorial Bancorp during the second quarter valued at $501,000. Finally, Acadian Asset Management LLC increased its position in Territorial Bancorp by 3.7% during the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider's stock worth $638,000 after purchasing an additional 2,801 shares in the last quarter. 50.35% of the stock is currently owned by hedge funds and other 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.