Territorial Bancorp Inc. (TBNK) Position Maintained by Royce & Associates LP
Royce & Associates LP held its stake in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 70,000 shares of the financial services provider’s stock at the end of the 2nd quarter. Royce & Associates LP owned about 0.76% of Territorial Bancorp worth $2,183,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in TBNK. SG Americas Securities LLC acquired a new stake in shares of Territorial Bancorp during the first quarter valued at about $130,000. Sei Investments Co. grew its stake in shares of Territorial Bancorp by 4.6% during the first quarter. Sei Investments Co. now owns 4,822 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 213 shares in the last quarter. Strs Ohio grew its stake in shares of Territorial Bancorp by 6.5% during the second quarter. Strs Ohio now owns 8,200 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 500 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of Territorial Bancorp during the first quarter valued at about $272,000. Finally, Rhumbline Advisers grew its stake in shares of Territorial Bancorp by 1.6% during the second quarter. Rhumbline Advisers now owns 10,199 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 165 shares in the last quarter. Institutional investors own 45.97% of the company’s stock.
Shares of Territorial Bancorp Inc. (NASDAQ:TBNK) opened at 29.89 on Wednesday. The stock’s 50 day moving average price is $29.78 and its 200 day moving average price is $30.78. The firm has a market capitalization of $276.99 million, a P/E ratio of 16.33 and a beta of 0.28. Territorial Bancorp Inc. has a 52 week low of $27.73 and a 52 week high of $34.00.
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 2.68%. The ex-dividend date of this dividend was Tuesday, August 8th. Territorial Bancorp’s dividend payout ratio is 43.96%.
Several brokerages have recently weighed in on TBNK. Zacks Investment Research upgraded Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub downgraded Territorial Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. ValuEngine downgraded Territorial Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Territorial Bancorp in a research note on Thursday, August 10th. Finally, UBS AG downgraded Territorial Bancorp to an “underperform” rating in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Territorial Bancorp currently has a consensus rating of “Sell” and an average price target of $36.00.
In other Territorial Bancorp news, Chairman Allan S. Kitagawa sold 4,813 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $30.00, for a total transaction of $144,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.80% of the stock is owned by insiders.
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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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