UBS Group AG cut its holdings in shares of Territorial Bancorp Inc (NASDAQ:TBNK) by 40.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,157 shares of the financial services provider’s stock after selling 2,183 shares during the quarter. UBS Group AG’s holdings in Territorial Bancorp were worth $75,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. grew its position in shares of Territorial Bancorp by 1.3% in the 1st quarter. BlackRock Inc. now owns 483,599 shares of the financial services provider’s stock worth $11,871,000 after acquiring an additional 6,005 shares in the last quarter. Dalton Greiner Hartman Maher & Co. grew its position in shares of Territorial Bancorp by 2.0% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 137,189 shares of the financial services provider’s stock worth $3,264,000 after acquiring an additional 2,628 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Territorial Bancorp by 5.4% in the 1st quarter. Geode Capital Management LLC now owns 90,371 shares of the financial services provider’s stock worth $2,218,000 after acquiring an additional 4,642 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Territorial Bancorp in the 1st quarter worth approximately $1,082,000. Finally, Cubic Asset Management LLC grew its position in shares of Territorial Bancorp by 6.1% in the 2nd quarter. Cubic Asset Management LLC now owns 38,440 shares of the financial services provider’s stock worth $914,000 after acquiring an additional 2,200 shares in the last quarter. Institutional investors own 48.57% of the company’s stock.

NASDAQ:TBNK opened at $21.50 on Thursday. Territorial Bancorp Inc has a 12-month low of $20.25 and a 12-month high of $32.45. The firm has a market capitalization of $204.55 million, a P/E ratio of 10.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 0.99. The business has a 50 day simple moving average of $21.82 and a 200 day simple moving average of $23.46.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Monday, August 3rd. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. Territorial Bancorp had a return on equity of 7.85% and a net margin of 23.90%. The company had revenue of $16.23 million during the quarter, compared to analyst estimates of $14.90 million. Research analysts anticipate that Territorial Bancorp Inc will post 1.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a dividend of $0.23 per share. The ex-dividend date was Wednesday, August 12th. This represents a $0.92 dividend on an annualized basis and a yield of 4.28%. Territorial Bancorp’s dividend payout ratio (DPR) is presently 39.32%.

Several research analysts have recently commented on TBNK shares. BidaskClub lowered Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 12th. Piper Sandler started coverage on Territorial Bancorp in a research report on Wednesday, August 19th. They set a “neutral” rating and a $24.00 price objective for the company. Finally, ValuEngine lowered Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Territorial Bancorp has an average rating of “Hold” and an average price target of $27.00.

Territorial Bancorp Company Profile

Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in 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.

Read More: Return on Investment (ROI) Defined, Explained

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

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