Legion Partners Asset Management LLC raised its position in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) by 46.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 426,047 shares of the financial services provider’s stock after acquiring an additional 134,400 shares during the period. Territorial Bancorp makes up 4.8% of Legion Partners Asset Management LLC’s portfolio, making the stock its 8th biggest position. Legion Partners Asset Management LLC owned about 4.31% of Territorial Bancorp worth $13,450,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Territorial Bancorp during the third quarter valued at about $190,000. Voya Investment Management LLC purchased a new stake in Territorial Bancorp during the second quarter valued at about $204,000. Alpine Woods Capital Investors LLC purchased a new stake in Territorial Bancorp during the third quarter valued at about $253,000. Strs Ohio grew its position in 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 during the period. Finally, Sei Investments Co. grew its position in Territorial Bancorp by 98.7% during the second quarter. Sei Investments Co. now owns 9,581 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 4,759 shares during the period. 47.15% of the stock is owned by hedge funds and other institutional investors.

Territorial Bancorp Inc. (NASDAQ:TBNK) opened at $30.46 on Monday. The company has a market capitalization of $300.96, a PE ratio of 16.83 and a beta of 0.28. Territorial Bancorp Inc. has a one year low of $28.12 and a one year high of $34.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.90 and a current ratio of 0.90.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.44. The company had revenue of $15.57 million for the quarter, compared to analysts’ expectations of $15.90 million. Territorial Bancorp had a return on equity of 7.34% and a net margin of 24.07%. sell-side analysts expect that Territorial Bancorp Inc. will post 1.8 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.30 per share. This represents a dividend yield of 2.54%. The ex-dividend date is Tuesday, December 5th. This is a boost from Territorial Bancorp’s previous special dividend of $0.10. Territorial Bancorp’s payout ratio is currently 44.20%.

In other Territorial Bancorp news, Director Kirk W. Caldwell sold 2,125 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $32.54, for a total transaction of $69,147.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Vernon Hirata sold 9,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $30.17, for a total value of $271,530.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,115 shares of company stock worth $551,691. 13.10% of the stock is currently owned by insiders.

TBNK has been the topic of a number of recent research reports. Zacks Investment Research upgraded Territorial Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub upgraded Territorial Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The stock currently has a consensus rating of “Sell”.

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Territorial Bancorp 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.

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

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