First Quadrant L P CA lowered its holdings in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) by 46.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,676 shares of the financial services provider’s stock after selling 13,781 shares during the period. First Quadrant L P CA owned about 0.17% of Territorial Bancorp worth $495,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in TBNK. Renaissance Technologies LLC raised its position in Territorial Bancorp by 9.3% during the first quarter. Renaissance Technologies LLC now owns 549,600 shares of the financial services provider’s stock worth $17,131,000 after acquiring an additional 46,700 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Territorial Bancorp by 131.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 28,192 shares of the financial services provider’s stock worth $880,000 after buying an additional 15,992 shares in the last quarter. Cigna Investments Inc. New purchased a new stake in shares of Territorial Bancorp during the second quarter worth about $489,000. John W. Rosenthal Capital Management Inc. purchased a new stake in shares of Territorial Bancorp during the second quarter worth about $487,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Territorial Bancorp by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 412,317 shares of the financial services provider’s stock worth $12,852,000 after buying an additional 13,339 shares in the last quarter. Institutional investors own 44.91% of the company’s stock.
TBNK has been the subject of a number of recent 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 upgraded shares of Territorial Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Territorial Bancorp in a report on Thursday, August 10th. Finally, UBS AG downgraded shares of Territorial Bancorp to an “underperform” rating in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. Territorial Bancorp currently has a consensus rating of “Sell”.
Shares of Territorial Bancorp Inc. (NASDAQ TBNK) opened at $31.44 on Friday. The company has a market cap of $309.86, a PE ratio of 17.37 and a beta of 0.28. Territorial Bancorp Inc. has a twelve month low of $27.73 and a twelve month high of $34.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.29.
Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $15.57 million during 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 7.38%. research analysts predict that Territorial Bancorp Inc. will post 1.8 EPS for the current 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 issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. Territorial Bancorp’s dividend payout ratio (DPR) is presently 44.20%.
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In related news, Chairman Allan S. Kitagawa sold 4,813 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kirk W. Caldwell sold 2,125 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $32.54, for a total transaction of $69,147.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,928 shares of company stock valued at $424,551. Insiders own 9.80% of the company’s stock.
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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