Territorial Bancorp Inc. (TBNK) Holdings Held by Russell Investments Group Ltd.
Russell Investments Group Ltd. held its stake in Territorial Bancorp Inc. (NASDAQ:TBNK) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,193 shares of the financial services provider’s stock at the close of the 2nd quarter. Russell Investments Group Ltd. owned 0.10% of Territorial Bancorp worth $287,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in TBNK. Royce & Associates LP purchased a new stake in Territorial Bancorp in the first quarter worth about $2,182,000. Renaissance Technologies LLC grew its holdings in Territorial Bancorp by 9.3% in the first quarter. Renaissance Technologies LLC now owns 549,600 shares of the financial services provider’s stock worth $17,131,000 after purchasing an additional 46,700 shares during the period. First Quadrant L P CA grew its holdings in Territorial Bancorp by 690.6% in the second quarter. First Quadrant L P CA now owns 29,457 shares of the financial services provider’s stock worth $919,000 after purchasing an additional 25,731 shares during the period. Menta Capital LLC purchased a new stake in Territorial Bancorp in the first quarter worth about $556,000. Finally, Trexquant Investment LP purchased a new stake in Territorial Bancorp in the first quarter worth about $442,000. Institutional investors and hedge funds own 45.97% of the company’s stock.
Shares of Territorial Bancorp Inc. (NASDAQ:TBNK) traded up 0.72% during midday trading on Monday, reaching $30.73. 1,724 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $29.61 and its 200 day moving average price is $30.66. The company has a market cap of $284.77 million, a price-to-earnings ratio of 16.79 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.
In other news, Chairman Allan S. Kitagawa sold 4,813 shares of Territorial Bancorp stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $30.00, for a total value of $144,390.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Vernon Hirata sold 3,866 shares of Territorial Bancorp stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $30.07, for a total transaction of $116,250.62. The disclosure for this sale can be found here. Insiders have sold a total of 9,903 shares of company stock worth $297,415 in the last three months. Insiders own 9.80% of the company’s stock.
A number of brokerages have weighed in on TBNK. UBS AG cut shares of Territorial Bancorp to an “underperform” rating in a report on Thursday, August 10th. BidaskClub cut shares of Territorial Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Territorial Bancorp in a report on Thursday, August 10th. Finally, ValuEngine cut shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock currently has a consensus rating of “Sell” and a consensus target price of $36.00.
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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