First Quadrant L P CA lowered its stake in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) by 46.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,676 shares of the financial services provider’s stock after selling 13,781 shares during the quarter. First Quadrant L P CA owned about 0.17% of Territorial Bancorp worth $495,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in Territorial Bancorp by 70.6% in the 1st quarter. Wells Fargo & Company MN now owns 14,258 shares of the financial services provider’s stock worth $445,000 after buying an additional 5,901 shares during the period. Bank of New York Mellon Corp increased its holdings in Territorial Bancorp by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 62,782 shares of the financial services provider’s stock worth $1,957,000 after buying an additional 727 shares during the period. JPMorgan Chase & Co. increased its holdings in Territorial Bancorp by 1.1% in the 1st quarter. JPMorgan Chase & Co. now owns 65,567 shares of the financial services provider’s stock worth $2,043,000 after buying an additional 713 shares during the period. SG Americas Securities LLC acquired a new position in Territorial Bancorp in the 1st quarter worth approximately $130,000. Finally, TIAA CREF Investment Management LLC increased its holdings in Territorial Bancorp by 4.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 27,049 shares of the financial services provider’s stock worth $843,000 after buying an additional 1,080 shares during the period. Hedge funds and other institutional investors own 44.78% of the company’s stock.
TBNK has been the topic of several research reports. Zacks Investment Research downgraded shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. BidaskClub downgraded shares of Territorial Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. UBS AG downgraded shares of Territorial Bancorp to an “underperform” rating in a report on Thursday, August 10th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Territorial Bancorp in a report on Thursday, August 10th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The stock presently has an average rating of “Sell”.
In other news, General Counsel Vernon Hirata sold 3,866 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $30.07, for a total transaction of $116,250.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Allan S. Kitagawa sold 4,813 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $30.00, for a total value of $144,390.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,928 shares of company stock worth $424,551. Insiders own 9.80% of the company’s stock.
Shares of Territorial Bancorp Inc. (NASDAQ TBNK) opened at $30.54 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.90 and a quick ratio of 0.90. Territorial Bancorp Inc. has a 52-week low of $28.12 and a 52-week high of $34.00. The company has a market capitalization of $299.38, a P/E ratio of 16.74 and a beta of 0.28.
Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.44 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. Territorial Bancorp had a return on equity of 7.34% and a net margin of 24.07%. The business had revenue of $15.57 million for the quarter, compared to analyst estimates of $15.90 million. sell-side analysts forecast that Territorial Bancorp Inc. will post 1.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.80 annualized dividend and a yield of 2.62%. Territorial Bancorp’s dividend payout ratio is presently 44.20%.
Territorial Bancorp Profile
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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