John W. Rosenthal Capital Management Inc. bought a new stake in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,600 shares of the financial services provider’s stock, valued at approximately $487,000. John W. Rosenthal Capital Management Inc. owned about 0.17% of Territorial Bancorp at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TBNK. Teachers Advisors LLC increased its stake in shares of Territorial Bancorp by 16.0% in the fourth quarter. Teachers Advisors LLC now owns 13,218 shares of the financial services provider’s stock valued at $434,000 after buying an additional 1,820 shares during the period. Nationwide Fund Advisors increased its stake in shares of Territorial Bancorp by 15.0% in the first quarter. Nationwide Fund Advisors now owns 57,616 shares of the financial services provider’s stock valued at $1,796,000 after buying an additional 7,503 shares during the period. Wells Fargo & Company MN increased its stake in shares of Territorial Bancorp by 70.6% in the first quarter. Wells Fargo & Company MN now owns 14,258 shares of the financial services provider’s stock valued at $445,000 after buying an additional 5,901 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Territorial Bancorp by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 62,782 shares of the financial services provider’s stock valued at $1,957,000 after buying an additional 727 shares during the period. Finally, Acrospire Investment Management LLC increased its stake in shares of 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 during the period. 45.97% of the stock is owned by institutional investors and hedge funds.

Shares of Territorial Bancorp Inc. (NASDAQ:TBNK) opened at 30.06 on Tuesday. The stock has a market cap of $278.57 million, a P/E ratio of 16.43 and a beta of 0.28. Territorial Bancorp Inc. has a 12 month low of $27.73 and a 12 month high of $34.00. The company has a 50 day moving average of $30.00 and a 200 day moving average of $31.05.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Tuesday, August 8th. Territorial Bancorp’s dividend payout ratio is presently 43.96%.

COPYRIGHT VIOLATION WARNING: This article was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/08/29/john-w-rosenthal-capital-management-inc-buys-new-stake-in-territorial-bancorp-inc-tbnk.html.

TBNK has been the subject of several research analyst reports. BidaskClub upgraded shares of Territorial Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. Zacks Investment Research downgraded shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. ValuEngine downgraded shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Territorial Bancorp in a research report on Thursday, August 10th. Finally, UBS AG downgraded shares of Territorial Bancorp to an “underperform” rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. Territorial Bancorp presently has an average rating of “Sell” and an average target price of $36.00.

In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,250 shares of the 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 approximately $1,236,299.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.

Institutional Ownership by Quarter for Territorial Bancorp (NASDAQ:TBNK)

Receive News & Stock Ratings for Territorial Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Territorial Bancorp Inc. and related stocks with our FREE daily email newsletter.