Territorial Bancorp (NASDAQ:TBNK) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Territorial Bancorp Inc. (NASDAQ:TBNK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.80 and traded as high as $10.97. Territorial Bancorp shares last traded at $10.95, with a volume of 6,930 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TBNK shares. Keefe, Bruyette & Woods upped their price objective on Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. StockNews.com began coverage on shares of Territorial Bancorp in a report on Saturday. They issued a “hold” rating for the company.

Territorial Bancorp Trading Down 0.7 %

The business’s 50 day simple moving average is $9.97 and its two-hundred day simple moving average is $8.80. The stock has a market cap of $96.69 million, a P/E ratio of -1,093.91 and a beta of 0.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.95.

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

Territorial Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.37%. Territorial Bancorp’s dividend payout ratio (DPR) is presently -399.60%.

Institutional Investors Weigh In On Territorial Bancorp

A number of institutional investors have recently added to or reduced their stakes in TBNK. International Assets Investment Management LLC acquired a new position in shares of Territorial Bancorp during the second quarter worth $27,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Territorial Bancorp in the 2nd quarter valued at about $37,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Territorial Bancorp in the second quarter valued at about $501,000. Finally, Acadian Asset Management LLC increased its stake 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 valued at $638,000 after buying an additional 2,801 shares during the period. 50.35% of the stock is owned by institutional investors.

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.