State Street Corp Sells 1,600 Shares of Territorial Bancorp Inc. (NASDAQ:TBNK)

State Street Corp reduced its holdings in Territorial Bancorp Inc. (NASDAQ:TBNK) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,032 shares of the financial services provider’s stock after selling 1,600 shares during the period. State Street Corp’s holdings in Territorial Bancorp were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TBNK. International Assets Investment Management LLC acquired a new position in shares of Territorial Bancorp in the 2nd quarter valued at $27,000. Longfellow Investment Management Co. LLC bought a new stake in Territorial Bancorp in the second quarter valued at about $37,000. Atria Investments Inc lifted its stake in Territorial Bancorp by 12.7% in the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,380 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Territorial Bancorp during the second quarter worth about $501,000. 50.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Territorial Bancorp in a research note on Monday, December 30th. They issued a “hold” rating for the company.

Territorial Bancorp Stock Performance

Shares of TBNK opened at $9.51 on Friday. The firm’s 50 day moving average price is $10.42 and its two-hundred day moving average price is $9.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. Territorial Bancorp Inc. has a twelve month low of $6.92 and a twelve month high of $11.60. The firm has a market cap of $83.99 million, a P/E ratio of -36.58 and a beta of 0.62.

Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.10). Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%. The company had revenue of $18.93 million during the quarter.

Territorial Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date was Friday, November 8th. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. Territorial Bancorp’s dividend payout ratio (DPR) is currently -15.38%.

Territorial Bancorp Company Profile

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of deposit.