Shares of Territorial Bancorp Inc. (NASDAQ:TBNK) have been assigned an average broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation.
Zacks has also given Territorial Bancorp an industry rank of 17 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on TBNK shares. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday.
Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Territorial Bancorp during the 3rd quarter valued at $190,000. Voya Investment Management LLC bought a new stake in shares of Territorial Bancorp in the 2nd quarter worth $204,000. Alpine Woods Capital Investors LLC bought a new stake in shares of Territorial Bancorp in the 3rd quarter worth $253,000. Rhumbline Advisers grew its stake in shares of Territorial Bancorp by 1.6% in the 2nd quarter. Rhumbline Advisers now owns 10,199 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 165 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its stake in shares of Territorial Bancorp by 50.5% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 12,517 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 4,200 shares in the last quarter. Institutional investors and hedge funds own 47.15% of the company’s stock.
Territorial Bancorp (NASDAQ:TBNK) traded up $0.30 during trading on Friday, hitting $31.82. 7,354 shares of the company were exchanged, compared to its average volume of 13,975. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.29. Territorial Bancorp has a 52 week low of $28.12 and a 52 week high of $34.00. The firm has a market cap of $314.40, a P/E ratio of 17.58 and a beta of 0.29.
Territorial Bancorp (NASDAQ:TBNK) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.44. Territorial Bancorp had a net margin of 24.07% and a return on equity of 7.34%. The company had revenue of $15.57 million for the quarter, compared to the consensus estimate of $15.90 million. analysts anticipate that Territorial Bancorp will post 1.8 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th were paid a dividend of $0.30 per share. This represents a yield of 2.54%. The ex-dividend date of this dividend was Tuesday, December 5th. This is a positive change from Territorial Bancorp’s previous special dividend of $0.10. Territorial Bancorp’s payout ratio is 44.20%.
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About Territorial Bancorp
Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of 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.
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