Dalton Greiner Hartman Maher & Co. increased its holdings in Territorial Bancorp Inc (NASDAQ:TBNK) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,618 shares of the financial services provider’s stock after buying an additional 5,733 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Territorial Bancorp were worth $4,041,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY acquired a new stake in shares of Territorial Bancorp in the third quarter valued at approximately $84,000. Bank of Montreal Can raised its position in shares of Territorial Bancorp by 13.6% in the second quarter. Bank of Montreal Can now owns 6,996 shares of the financial services provider’s stock valued at $216,000 after buying an additional 838 shares in the last quarter. Rhumbline Advisers increased its stake in Territorial Bancorp by 9.5% in the third quarter. Rhumbline Advisers now owns 12,148 shares of the financial services provider’s stock valued at $347,000 after acquiring an additional 1,050 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Territorial Bancorp by 16.6% in the second quarter. Jacobs Levy Equity Management Inc. now owns 16,170 shares of the financial services provider’s stock valued at $500,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Mackay Shields LLC increased its stake in Territorial Bancorp by 7.1% in the third quarter. Mackay Shields LLC now owns 21,081 shares of the financial services provider’s stock valued at $603,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors own 47.99% of the company’s stock.
A number of research analysts recently issued reports on TBNK shares. BidaskClub cut shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 10th. Zacks Investment Research raised shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 23rd.
Shares of NASDAQ:TBNK opened at $30.81 on Thursday. The company’s 50 day simple moving average is $31.27 and its 200 day simple moving average is $29.51. The stock has a market capitalization of $299.60 million, a price-to-earnings ratio of 15.18 and a beta of 0.60. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.99 and a quick ratio of 0.99. Territorial Bancorp Inc has a 1 year low of $26.16 and a 1 year high of $32.45.
Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $16.65 million for the quarter, compared to analysts’ expectations of $15.70 million. Territorial Bancorp had a net margin of 26.01% and a return on equity of 8.98%.
The company also recently disclosed a dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 3rd. Territorial Bancorp’s dividend payout ratio (DPR) is 45.32%.
In related news, CEO Allan S. Kitagawa sold 2,000 shares of Territorial Bancorp stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $29.77, for a total value of $59,540.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David S. Murakami sold 900 shares of Territorial Bancorp stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $31.34, for a total transaction of $28,206.00. Following the completion of the transaction, the director now directly owns 27,005 shares in the company, valued at $846,336.70. The disclosure for this sale can be found here. Insiders sold 6,400 shares of company stock worth $194,336 over the last three months. 10.80% of the stock is currently owned by insiders.
Territorial Bancorp Company Profile
Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in 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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