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

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

Territorial Bancorp Stock Up 1.7 %

Shares of NASDAQ:TBNK traded up $0.15 during mid-day trading on Wednesday, hitting $9.16. 50,537 shares of the company traded hands, compared to its average volume of 29,037. The stock has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $9.90. Territorial Bancorp has a 12-month low of $6.92 and a 12-month high of $11.60. The stock has a market cap of $80.90 million, a P/E ratio of -35.23 and a beta of 0.62. 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 posted its quarterly earnings data 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 for 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 company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 yield of 6.55%. Territorial Bancorp's dividend payout ratio is presently -15.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TBNK. Oddo BHF Asset Management Sas purchased a new position in shares of Territorial Bancorp in the third quarter worth about $3,726,000. Wellington Management Group LLP lifted 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 worth $8,208,000 after purchasing an additional 146,541 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Territorial Bancorp in the 2nd quarter worth about $501,000. International Assets Investment Management LLC increased its position in shares of 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 buying an additional 31,152 shares during the period. Finally, Atria Investments Inc grew its stake in Territorial Bancorp by 12.7% during the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider's stock valued at $127,000 after acquiring an additional 1,380 shares in the last quarter. 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.