BidaskClub upgraded shares of Territorial Bancorp Inc. (NASDAQ:TBNK) from a strong sell rating to a sell rating in a report released on Thursday.

Several other brokerages also recently issued reports on TBNK. Zacks Investment Research raised shares of Territorial Bancorp from a sell rating to a hold rating in a research note on Tuesday, July 4th. ValuEngine downgraded shares of Territorial Bancorp from a buy rating to a hold rating in a research note on Tuesday, June 27th. Raymond James Financial, Inc. reissued an underperform rating on shares of Territorial Bancorp in a research note on Thursday, August 10th. Finally, UBS AG downgraded shares of Territorial Bancorp to an underperform rating in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Territorial Bancorp presently has an average rating of Sell and a consensus target price of $36.00.

Shares of Territorial Bancorp (TBNK) remained flat at $29.99 during trading on Thursday. The stock had a trading volume of 84,041 shares. The company has a 50 day moving average price of $30.03 and a 200-day moving average price of $31.07. Territorial Bancorp has a 1-year low of $27.73 and a 1-year high of $34.00. The firm has a market capitalization of $277.92 million, a P/E ratio of 16.39 and a beta of 0.28.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Tuesday, August 8th. Territorial Bancorp’s payout ratio is currently 43.96%.

In other news, Director Kirk W. Caldwell sold 2,250 shares of Territorial Bancorp stock in a transaction that occurred on Friday, June 9th. The shares were 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 owns 38,502 shares of the company’s stock, valued at $1,236,299.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 9.80% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Territorial Bancorp during the first quarter valued at $130,000. Acrospire Investment Management LLC increased its stake in Territorial Bancorp by 10.6% in the first quarter. Acrospire Investment Management LLC now owns 4,255 shares of the financial services provider’s stock valued at $133,000 after buying an additional 408 shares in the last quarter. Sei Investments Co. increased its stake in Territorial Bancorp by 4.6% in the first quarter. Sei Investments Co. now owns 4,822 shares of the financial services provider’s stock valued at $150,000 after buying an additional 213 shares in the last quarter. Voya Investment Management LLC bought a new stake in Territorial Bancorp during the second quarter valued at $204,000. Finally, Strs Ohio increased its stake in Territorial Bancorp by 6.5% in the second quarter. Strs Ohio now owns 8,200 shares of the financial services provider’s stock valued at $255,000 after buying an additional 500 shares in the last quarter. 46.42% of the stock is owned by hedge funds and other institutional investors.

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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