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 report report published on Tuesday. The firm issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Stock Performance

Shares of NASDAQ TBNK opened at $8.33 on Tuesday. Territorial Bancorp has a 12 month low of $7.25 and a 12 month high of $11.44. The company has a market cap of $73.57 million, a P/E ratio of -16.66 and a beta of 0.59. The business’s 50 day moving average is $8.33 and its two-hundred day moving average is $9.38. 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 (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 net margin of 5.74% and a negative return on equity of 1.72%.

Territorial Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.01 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.04 annualized dividend and a yield of 0.48%. Territorial Bancorp’s dividend payout ratio (DPR) is -8.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Oddo BHF Asset Management Sas bought a new stake in Territorial Bancorp in the 3rd quarter valued at $3,726,000. Four Tree Island Advisory LLC acquired a new stake in shares of Territorial Bancorp during the 4th quarter valued at about $364,000. Arrowstreet Capital Limited Partnership bought a new stake in Territorial Bancorp in the fourth quarter valued at about $99,000. Alliancebernstein L.P. raised its position in Territorial Bancorp by 8.3% in the fourth quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock worth $4,870,000 after purchasing an additional 38,500 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Territorial Bancorp by 11.2% during the fourth quarter. Wellington Management Group LLP now owns 874,388 shares of the financial services provider’s stock worth $8,508,000 after purchasing an additional 88,140 shares during the period. 50.35% of the stock is currently owned by institutional investors and hedge funds.

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.