Geode Capital Management LLC Sells 4,673 Shares of Territorial Bancorp Inc. (NASDAQ:TBNK)

Geode Capital Management LLC trimmed its stake in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,905 shares of the financial services provider’s stock after selling 4,673 shares during the period. Geode Capital Management LLC’s holdings in Territorial Bancorp were worth $782,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TBNK. Wellington Management Group LLP lifted its holdings in shares of Territorial Bancorp by 22.9% in the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after purchasing an additional 146,541 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Territorial Bancorp in the 2nd quarter valued at approximately $501,000. International Assets Investment Management LLC lifted its stake in Territorial Bancorp by 944.0% in the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock valued at $3,300,000 after acquiring an additional 31,152 shares in the last quarter. Finally, Atria Investments Inc boosted its position in Territorial Bancorp by 12.7% during the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,380 shares during the last quarter. 50.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Territorial Bancorp in a report on Tuesday. They issued a “hold” rating on the stock.

Territorial Bancorp Price Performance

Shares of NASDAQ TBNK opened at $8.87 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average of $10.32 and a 200-day moving average of $9.86. The stock has a market capitalization of $78.34 million, a price-to-earnings ratio of -34.11 and a beta of 0.62. Territorial Bancorp Inc. has a fifty-two week low of $6.92 and a fifty-two week high of $11.60.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly 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 net margin of 3.01% and a negative return on equity of 0.90%. The company had revenue of $18.93 million during the quarter.

Territorial Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.15 per share. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. This represents a $0.60 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend was Friday, November 8th. Territorial Bancorp’s dividend payout ratio is -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.