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

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

Territorial Bancorp Stock Down 0.5 %

Shares of NASDAQ TBNK traded down $0.04 during midday trading on Thursday, reaching $8.15. 38,573 shares of the company's stock traded hands, compared to its average volume of 24,055. The company has a market cap of $71.98 million, a price-to-earnings ratio of -16.30 and a beta of 0.59. The stock's 50 day simple moving average is $8.66 and its 200-day simple moving average is $9.73. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. Territorial Bancorp has a one year low of $6.92 and a one year high of $11.44.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last posted its earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative net margin of 5.74% and a negative return on equity of 1.72%.

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Territorial Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, February 14th. Territorial Bancorp's payout ratio is presently -8.00%.

Institutional Trading of Territorial Bancorp

Institutional investors have recently made changes to their positions in the business. Atria Investments Inc raised its stake 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 buying an additional 1,380 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Territorial Bancorp by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider's stock valued at $8,208,000 after purchasing an additional 146,541 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Territorial Bancorp in the 3rd quarter valued at approximately $3,726,000. CKW Financial Group acquired a new stake in Territorial Bancorp in the 4th quarter worth approximately $35,000. Finally, Four Tree Island Advisory LLC purchased a new stake in Territorial Bancorp during the 4th quarter worth approximately $364,000. Institutional investors and hedge funds 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.