Territorial Bancorp Inc. (NASDAQ:TBNK) announced a dividend on Wednesday, November 30th. Investors of record on Saturday, December 10th will be given a dividend of 0.20 per share by the financial services provider on Wednesday, December 21st. The ex-dividend date of this dividend is Wednesday, December 7th.

Shares of Territorial Bancorp (NASDAQ:TBNK) opened at 31.47 on Thursday. The company’s 50-day moving average is $29.51 and its 200-day moving average is $27.92. The company has a market cap of $288.39 million, a price-to-earnings ratio of 18.62 and a beta of 0.25. Territorial Bancorp has a 12-month low of $24.87 and a 12-month high of $32.50.

Dividend History for Territorial Bancorp (NASDAQ:TBNK)

In other news, General Counsel Vernon Hirata sold 7,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $29.03, for a total transaction of $203,210.00. Following the sale, the general counsel now owns 55,538 shares of the company’s stock, valued at approximately $1,612,268.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David S. Murakami sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $29.07, for a total transaction of $116,280.00. Following the sale, the director now directly owns 27,464 shares in the company, valued at approximately $798,378.48. The disclosure for this sale can be found here. Insiders own 9.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in TBNK. BlackRock Advisors LLC increased its stake in shares of Territorial Bancorp by 17.3% in the second quarter. BlackRock Advisors LLC now owns 5,609 shares of the financial services provider’s stock worth $148,000 after buying an additional 829 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in Territorial Bancorp during the third quarter worth about $207,000. D. E. Shaw & Co. Inc. increased its position in Territorial Bancorp by 4.3% in the third quarter. D. E. Shaw & Co. Inc. now owns 8,574 shares of the financial services provider’s stock worth $246,000 after buying an additional 353 shares during the last quarter. Two Sigma Advisers LP increased its position in Territorial Bancorp by 22.4% in the third quarter. Two Sigma Advisers LP now owns 12,014 shares of the financial services provider’s stock worth $344,000 after buying an additional 2,200 shares during the last quarter. Finally, Teachers Advisors Inc. increased its position in Territorial Bancorp by 11.8% in the second quarter. Teachers Advisors Inc. now owns 13,133 shares of the financial services provider’s stock worth $348,000 after buying an additional 1,386 shares during the last quarter. 42.62% of the stock is currently owned by hedge funds and other institutional investors.

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Separately, Zacks Investment Research lowered shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th.

About Territorial Bancorp

Territorial Bancorp Inc is a bank holding company. The Company owns Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its approximately 30 banking offices located throughout the State of Hawaii. Its business consists 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.

5 Day Chart for NASDAQ:TBNK

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