Teachers Advisors LLC cut its holdings in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,805 shares of the financial services provider’s stock after selling 1,268 shares during the period. Teachers Advisors LLC owned about 0.15% of Territorial Bancorp worth $431,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Strs Ohio boosted its position in Territorial Bancorp by 6.5% during the 2nd quarter. Strs Ohio now owns 8,200 shares of the financial services provider’s stock worth $255,000 after buying an additional 500 shares during the period. Sei Investments Co. boosted its position in Territorial Bancorp by 98.7% during the 2nd quarter. Sei Investments Co. now owns 9,581 shares of the financial services provider’s stock worth $299,000 after buying an additional 4,759 shares during the period. Rhumbline Advisers boosted its position in Territorial Bancorp by 1.6% during the 2nd quarter. Rhumbline Advisers now owns 10,199 shares of the financial services provider’s stock worth $318,000 after buying an additional 165 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Territorial Bancorp during the 1st quarter worth approximately $372,000. Finally, John W. Rosenthal Capital Management Inc. acquired a new stake in Territorial Bancorp during the 2nd quarter worth approximately $487,000. Institutional investors and hedge funds own 44.78% of the company’s stock.
Territorial Bancorp Inc. (TBNK) opened at $30.54 on Tuesday. The stock has a market cap of $299.38, a P/E ratio of 16.74 and a beta of 0.28. Territorial Bancorp Inc. has a 1 year low of $28.12 and a 1 year high of $34.00. 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 (NASDAQ:TBNK) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. The firm had revenue of $15.57 million for the quarter, compared to the consensus estimate of $15.90 million. Territorial Bancorp had a net margin of 24.07% and a return on equity of 7.34%. equities research analysts forecast that Territorial Bancorp Inc. will post 1.8 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.62%. Territorial Bancorp’s dividend payout ratio (DPR) is currently 44.20%.
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In other news, General Counsel Vernon Hirata sold 1,900 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $30.52, for a total value of $57,988.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Allan S. Kitagawa sold 4,813 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $30.00, for a total transaction of $144,390.00. The disclosure for this sale can be found here. Insiders sold a total of 13,928 shares of company stock worth $424,551 in the last 90 days. Corporate insiders own 9.80% of the company’s stock.
Several research firms recently commented on TBNK. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Territorial Bancorp in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BidaskClub upgraded shares of Territorial Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, UBS AG downgraded shares of Territorial Bancorp to an “underperform” rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The stock currently has a consensus rating of “Sell”.
Territorial Bancorp Company 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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