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

StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note published on Sunday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Trading Down 2.5 %

Shares of Territorial Bancorp stock opened at $8.62 on Friday. The stock has a market cap of $76.11 million, a PE ratio of -17.24 and a beta of 0.61. The firm has a fifty day moving average price of $9.41 and a 200 day moving average price of $9.90. Territorial Bancorp has a 1 year low of $6.92 and a 1 year high of $11.44. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates 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%.

Territorial Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.46%. Territorial Bancorp’s payout ratio is -8.00%.

Hedge Funds Weigh In On Territorial Bancorp

Large investors have recently made changes to their positions in the company. CKW Financial Group purchased a new position in Territorial Bancorp in the fourth quarter valued at $35,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Territorial Bancorp in the 4th quarter valued at about $99,000. Atria Investments Inc raised its holdings in Territorial Bancorp by 12.7% in the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,380 shares during the period. Northern Trust Corp raised its holdings in Territorial Bancorp by 55.8% in the 4th quarter. Northern Trust Corp now owns 34,836 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 12,476 shares during the period. Finally, Four Tree Island Advisory LLC purchased a new position in Territorial Bancorp during the fourth quarter worth approximately $364,000. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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.