SG Americas Securities LLC Purchases New Position in Territorial Bancorp Inc. (NASDAQ:TBNK)
SG Americas Securities LLC acquired a new position in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,158 shares of the financial services provider’s stock, valued at approximately $130,000.
Several other hedge funds and other institutional investors also recently modified their holdings of TBNK. Russell Investments Group Ltd. bought a new position in shares of Territorial Bancorp during the fourth quarter worth approximately $1,844,000. Trexquant Investment LP acquired a new stake in Territorial Bancorp during the first quarter worth about $442,000. Dimensional Fund Advisors LP raised its stake in Territorial Bancorp by 3.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 398,978 shares of the financial services provider’s stock worth $13,103,000 after buying an additional 11,645 shares during the period. State Street Corp raised its stake in Territorial Bancorp by 5.5% in the fourth quarter. State Street Corp now owns 208,020 shares of the financial services provider’s stock worth $6,827,000 after buying an additional 10,880 shares during the period. Finally, Federated Investors Inc. PA raised its stake in Territorial Bancorp by 31.0% in the fourth quarter. Federated Investors Inc. PA now owns 37,804 shares of the financial services provider’s stock worth $1,241,000 after buying an additional 8,938 shares during the period. 46.05% of the stock is currently owned by institutional investors and hedge funds.
Shares of Territorial Bancorp Inc. (NASDAQ:TBNK) remained flat at $29.68 during mid-day trading on Tuesday. The company had a trading volume of 11,434 shares. The firm has a market capitalization of $274.69 million, a P/E ratio of 16.30 and a beta of 0.28. The company’s 50-day moving average is $30.80 and its 200-day moving average is $31.40. Territorial Bancorp Inc. has a 52-week low of $27.43 and a 52-week high of $34.00.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, August 8th. Territorial Bancorp’s dividend payout ratio is currently 43.96%.
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A number of analysts have issued reports on the company. BidaskClub lowered Territorial Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, ValuEngine lowered Territorial Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th.
In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,250 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $32.11, for a total transaction of $72,247.50. Following the completion of the sale, the director now directly owns 38,502 shares in the company, valued at $1,236,299.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.80% of the stock is owned by corporate insiders.
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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