Territorial Bancorp Inc. (TBNK) Shares Bought by Geode Capital Management LLC
Geode Capital Management LLC boosted its position in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) by 4.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 62,854 shares of the financial services provider’s stock after buying an additional 2,923 shares during the period. Geode Capital Management LLC owned approximately 0.64% of Territorial Bancorp worth $1,959,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of TBNK. SG Americas Securities LLC bought a new position in Territorial Bancorp during the first quarter worth about $130,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in Territorial Bancorp by 12.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 18,265 shares of the financial services provider’s stock worth $569,000 after buying an additional 2,030 shares during the period. JPMorgan Chase & Co. boosted its position in Territorial Bancorp by 1.1% in the first quarter. JPMorgan Chase & Co. now owns 65,567 shares of the financial services provider’s stock worth $2,043,000 after buying an additional 713 shares during the period. Martingale Asset Management L P boosted its position in Territorial Bancorp by 0.3% in the first quarter. Martingale Asset Management L P now owns 31,109 shares of the financial services provider’s stock worth $970,000 after buying an additional 97 shares during the period. Finally, Oxford Asset Management bought a new position in Territorial Bancorp during the first quarter worth about $272,000. 45.97% of the stock is currently owned by institutional investors and hedge funds.
Territorial Bancorp Inc. (NASDAQ:TBNK) traded down 0.30% during midday trading on Tuesday, hitting $29.97. 4,433 shares of the company were exchanged. The firm has a market capitalization of $277.73 million, a PE ratio of 16.38 and a beta of 0.28. Territorial Bancorp Inc. has a 1-year low of $27.73 and a 1-year high of $34.00. The stock has a 50 day moving average of $30.00 and a 200 day moving average of $31.05.
The firm 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 (DPR) is 43.96%.
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A number of equities analysts have recently issued reports on the stock. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Territorial Bancorp in a research report on Thursday, August 10th. BidaskClub cut shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research cut shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. ValuEngine cut shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, UBS AG cut shares of Territorial Bancorp to an “underperform” rating in a research report 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 price target of $36.00.
In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,250 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $32.11, for a total transaction of $72,247.50. Following the transaction, 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 available at the SEC website. Company insiders own 9.80% of the company’s stock.
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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