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

StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Price Performance

Shares of TBNK stock opened at $8.33 on Friday. The stock has a 50 day moving average price of $8.40 and a 200 day moving average price of $9.53. Territorial Bancorp has a 52-week low of $6.92 and a 52-week high of $11.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $73.57 million, a P/E ratio of -16.66 and a beta of 0.59.

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

Territorial Bancorp Cuts Dividend

The business also recently announced 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 0.48%. The ex-dividend date was Friday, February 14th. Territorial Bancorp’s dividend payout ratio (DPR) is presently -8.00%.

Institutional Trading of Territorial Bancorp

A number of large investors have recently modified their holdings of the company. CKW Financial Group purchased a new position in Territorial Bancorp during the 4th quarter worth $35,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Territorial Bancorp during the 4th quarter worth $99,000. Northern Trust Corp increased its stake in shares of Territorial Bancorp by 55.8% during the fourth quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock valued at $339,000 after buying an additional 12,476 shares during the period. Four Tree Island Advisory LLC bought a new stake in shares of Territorial Bancorp in the fourth quarter valued at about $364,000. Finally, CSS LLC IL lifted its stake in Territorial Bancorp by 583.5% in the fourth quarter. CSS LLC IL now owns 110,774 shares of the financial services provider’s stock worth $1,078,000 after acquiring an additional 94,566 shares during the period. Hedge funds and other institutional investors own 50.35% of the company’s stock.

Territorial Bancorp Company Profile

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.