Territorial Bancorp (NASDAQ:TBNK) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Territorial Bancorp (NASDAQ:TBNK) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Trading Down 3.3 %

TBNK opened at $8.61 on Friday. 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 twelve month low of $6.92 and a twelve month high of $11.44. The stock has a market capitalization of $76.03 million, a price-to-earnings ratio of -17.22 and a beta of 0.61. The company has a 50-day simple moving average of $9.62 and a 200 day simple moving average of $9.95.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings results 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 return on equity of 1.72% and a negative net margin of 5.74%.

Territorial Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued 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 dividend payout ratio (DPR) is currently -8.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TBNK. CKW Financial Group bought a new stake in shares of Territorial Bancorp during the fourth quarter worth $35,000. Atria Investments Inc grew its stake in shares of Territorial Bancorp by 12.7% in the third 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 last quarter. Four Tree Island Advisory LLC acquired a new stake in Territorial Bancorp in the fourth quarter valued at $364,000. International Assets Investment Management LLC lifted its holdings in Territorial Bancorp by 944.0% during the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after buying an additional 31,152 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Territorial Bancorp in the 3rd quarter valued at about $3,726,000. 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.