StockNews.com Begins Coverage on Territorial Bancorp (NASDAQ:TBNK)

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

Separately, Keefe, Bruyette & Woods boosted their price objective on Territorial Bancorp from $9.66 to $11.27 and gave the stock a "market perform" rating in a research note on Wednesday, August 14th.

Territorial Bancorp Price Performance

Shares of NASDAQ:TBNK traded down $0.20 during trading on Tuesday, reaching $10.91. The stock had a trading volume of 10,728 shares, compared to its average volume of 25,779. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.86 and a current ratio of 0.86. The business has a fifty day moving average price of $10.32 and a 200-day moving average price of $9.18. The stock has a market cap of $96.36 million, a PE ratio of -42.73 and a beta of 0.61. Territorial Bancorp has a 1-year low of $6.90 and a 1-year high of $11.64.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last issued its quarterly 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). The firm 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 disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 5.50%. This is a positive change from Territorial Bancorp's previous quarterly dividend of $0.01. Territorial Bancorp's payout ratio is -15.38%.

Institutional Investors Weigh In On Territorial Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBNK. Acadian Asset Management LLC raised its holdings in shares of Territorial Bancorp by 3.7% in the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider's stock valued at $638,000 after buying an additional 2,801 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Territorial Bancorp in the 2nd quarter valued at $27,000. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Territorial Bancorp in the 2nd quarter valued at $501,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Territorial Bancorp in the 2nd quarter valued at $37,000. Finally, Atria Investments Inc raised its holdings in shares of Territorial Bancorp by 12.7% in the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider's stock valued at $127,000 after buying an additional 1,380 shares during the period. Hedge funds and other institutional investors own 50.35% of the company's stock.

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.