Separately, Zacks Investment Research raised Territorial Bancorp from a sell rating to a hold rating in a research report on Wednesday, October 23rd.
Shares of NASDAQ TBNK opened at $30.87 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $294.60 million, a PE ratio of 15.21 and a beta of 0.60. The stock’s fifty day simple moving average is $31.30 and its two-hundred day simple moving average is $29.49. Territorial Bancorp has a 12-month low of $26.16 and a 12-month high of $32.45.
Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.09. The business had revenue of $16.65 million for the quarter, compared to analysts’ expectations of $15.70 million. Territorial Bancorp had a return on equity of 8.98% and a net margin of 26.01%.
The business also recently announced a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 3rd. Territorial Bancorp’s dividend payout ratio (DPR) is presently 45.32%.
In other Territorial Bancorp news, Director David S. Murakami sold 1,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $29.79, for a total transaction of $29,790.00. Following the sale, the director now owns 28,175 shares of the company’s stock, valued at approximately $839,333.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Allan S. Kitagawa sold 2,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $29.77, for a total value of $59,540.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,400 shares of company stock worth $194,336 in the last ninety days. Insiders own 10.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in Territorial Bancorp by 0.5% during the 2nd quarter. Renaissance Technologies LLC now owns 657,700 shares of the financial services provider’s stock valued at $20,323,000 after acquiring an additional 3,300 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Territorial Bancorp by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 513,238 shares of the financial services provider’s stock valued at $15,859,000 after purchasing an additional 6,953 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Territorial Bancorp by 8.2% during the 2nd quarter. BlackRock Inc. now owns 474,948 shares of the financial services provider’s stock valued at $14,676,000 after purchasing an additional 36,118 shares during the last quarter. State Street Corp lifted its holdings in shares of Territorial Bancorp by 1.5% during the 3rd quarter. State Street Corp now owns 210,898 shares of the financial services provider’s stock valued at $6,027,000 after purchasing an additional 3,160 shares during the last quarter. Finally, Maltese Capital Management LLC lifted its holdings in shares of Territorial Bancorp by 1.5% during the 2nd quarter. Maltese Capital Management LLC now owns 197,300 shares of the financial services provider’s stock valued at $6,097,000 after purchasing an additional 2,893 shares during the last quarter. 47.99% of the stock is currently owned by institutional investors and hedge funds.
About Territorial Bancorp
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.
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