StockNews.com Begins Coverage on Territorial Bancorp (NASDAQ:TBNK)

StockNews.com initiated coverage on shares of Territorial Bancorp (NASDAQ:TBNK – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Territorial Bancorp Stock Down 4.1 %

TBNK stock opened at $19.53 on Thursday. The stock has a market capitalization of $177.92 million, a P/E ratio of 10.79 and a beta of 0.56. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.55. Territorial Bancorp has a 12 month low of $17.93 and a 12 month high of $25.50. The firm has a 50-day moving average price of $23.45 and a 200-day moving average price of $21.83.

Territorial Bancorp (NASDAQ:TBNK – Get Rating) last posted its earnings results on Thursday, January 26th. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.05). The company had revenue of $14.44 million during the quarter, compared to the consensus estimate of $14.86 million. Territorial Bancorp had a return on equity of 6.29% and a net margin of 24.14%. As a group, equities research analysts anticipate that Territorial Bancorp will post 1.2 EPS for the current fiscal year.

Territorial Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 23rd. Investors of record on Thursday, February 9th were issued a $0.23 dividend. The ex-dividend date was Wednesday, February 8th. This represents a $0.92 dividend on an annualized basis and a yield of 4.71%. Territorial Bancorp’s dividend payout ratio (DPR) is presently 50.83%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Territorial Bancorp by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 565,348 shares of the financial services provider’s stock valued at $13,573,000 after buying an additional 1,882 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Territorial Bancorp by 0.6% in the 4th quarter. Alliancebernstein L.P. now owns 404,961 shares of the financial services provider’s stock valued at $9,723,000 after buying an additional 2,377 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in Territorial Bancorp by 5.8% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 103,209 shares of the financial services provider’s stock valued at $1,913,000 after buying an additional 5,665 shares during the last quarter. rhino investment partners Inc acquired a new stake in Territorial Bancorp during the 4th quarter valued at approximately $1,293,000. Finally, White Pine Capital LLC increased its position in Territorial Bancorp by 374.7% during the 3rd quarter. White Pine Capital LLC now owns 51,766 shares of the financial services provider’s stock valued at $960,000 after purchasing an additional 40,862 shares during the period. Institutional investors own 43.51% of the company’s stock.

Territorial Bancorp Company Profile

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Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans and investment securities.