StockNews.com assumed coverage on shares of Territorial Bancorp (NASDAQ:TBNK – Free Report) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.
Separately, Keefe, Bruyette & Woods increased their target price 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.
Check Out Our Latest Analysis on Territorial Bancorp
Territorial Bancorp Stock Up 7.3 %
Territorial Bancorp (NASDAQ:TBNK – Get Free Report) last announced its earnings results on Friday, July 26th. The financial services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $8.90 million during the quarter, compared to analyst estimates of $8.96 million. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.
Territorial Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. Territorial Bancorp’s payout ratio is 16.00%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in Territorial Bancorp by 3.7% during the first quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 2,801 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp during the 2nd quarter worth approximately $501,000. Longfellow Investment Management Co. LLC purchased a new position in Territorial Bancorp in the second quarter valued at approximately $37,000. Finally, International Assets Investment Management LLC acquired a new position in Territorial Bancorp during the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 50.35% of the company’s stock.
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.
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