Territorial Bancorp (NASDAQ:TBNK) Stock Price Crosses Above 200 Day Moving Average of $8.43

Territorial Bancorp Inc. (NASDAQ:TBNK)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.43 and traded as high as $9.91. Territorial Bancorp shares last traded at $9.85, with a volume of 66,081 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TBNK. Keefe, Bruyette & Woods raised their target price on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. StockNews.com began coverage on shares of Territorial Bancorp in a research report on Monday, September 9th. They set a “hold” rating on the stock.

Territorial Bancorp Trading Down 0.2 %

The firm has a market cap of $87.00 million, a price-to-earnings ratio of 39.40 and a beta of 0.61. The business has a fifty day moving average of $9.38 and a two-hundred day moving average of $8.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.86 and a current ratio of 0.86.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results on Friday, July 26th. The financial services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%. The firm had revenue of $8.90 million during the quarter, compared to analyst estimates of $8.96 million.

Territorial Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.01 per share. The ex-dividend date was Friday, August 9th. This represents a $0.04 annualized dividend and a yield of 0.41%. Territorial Bancorp’s dividend payout ratio (DPR) is currently 16.00%.

Institutional Trading of Territorial Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC raised its position in shares of Territorial Bancorp by 1,015.0% during the 4th quarter. International Assets Investment Management LLC now owns 36,795 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 33,495 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Territorial Bancorp by 3.7% in the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 2,801 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Territorial Bancorp in the second quarter valued at $37,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Territorial Bancorp during the second quarter valued at $501,000. 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.