Legion Partners Asset Management LLC continued to hold its stake in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 291,647 shares of the financial services provider’s stock at the end of the second quarter. Territorial Bancorp accounts for about 4.1% of Legion Partners Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. Legion Partners Asset Management LLC owned approximately 3.15% of Territorial Bancorp worth $9,096,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TBNK. Vanguard Group Inc. grew its holdings in Territorial Bancorp by 3.1% during the first quarter. Vanguard Group Inc. now owns 308,975 shares of the financial services provider’s stock worth $9,630,000 after acquiring an additional 9,314 shares during the period. Bank of New York Mellon Corp grew its holdings in Territorial Bancorp by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 62,782 shares of the financial services provider’s stock worth $1,957,000 after acquiring an additional 727 shares during the period. Martingale Asset Management L P grew its holdings in Territorial Bancorp by 0.3% during the first quarter. Martingale Asset Management L P now owns 31,109 shares of the financial services provider’s stock worth $970,000 after acquiring an additional 97 shares during the period. Renaissance Technologies LLC grew its holdings in Territorial Bancorp by 9.3% during the first quarter. Renaissance Technologies LLC now owns 549,600 shares of the financial services provider’s stock worth $17,131,000 after acquiring an additional 46,700 shares during the period. Finally, Spark Investment Management LLC grew its holdings in Territorial Bancorp by 28.4% during the first quarter. Spark Investment Management LLC now owns 12,200 shares of the financial services provider’s stock worth $380,000 after acquiring an additional 2,700 shares during the period. Hedge funds and other institutional investors own 45.97% of the company’s stock.

Territorial Bancorp Inc. (NASDAQ:TBNK) traded up 1.04% during mid-day trading on Thursday, reaching $32.16. The company had a trading volume of 2,083 shares. The company has a market capitalization of $298.03 million, a price-to-earnings ratio of 17.57 and a beta of 0.29. Territorial Bancorp Inc. has a 12 month low of $27.73 and a 12 month high of $34.00. The firm’s 50 day moving average price is $30.11 and its 200-day moving average price is $30.65.

In other Territorial Bancorp news, Chairman Allan S. Kitagawa sold 4,813 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $30.00, for a total transaction of $144,390.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Vernon Hirata sold 3,866 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $30.07, for a total value of $116,250.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,803 shares of company stock valued at $355,403. 9.80% of the stock is owned by company insiders.

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Several research firms recently commented on TBNK. UBS AG lowered Territorial Bancorp to an “underperform” rating in a report on Thursday, August 10th. Zacks Investment Research raised Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub lowered Territorial Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Territorial Bancorp in a report on Thursday, August 10th. Finally, ValuEngine lowered 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 given a hold rating to the company’s stock. Territorial Bancorp presently has a consensus rating of “Sell”.

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

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