Territorial Bancorp Inc. (NASDAQ:TBNK) Chairman Allan S. Kitagawa sold 4,813 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $30.00, for a total transaction of $144,390.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Territorial Bancorp Inc. (NASDAQ TBNK) traded up 1.37% on Thursday, reaching $30.23. 60,522 shares of the company’s stock were exchanged. Territorial Bancorp Inc. has a one year low of $27.73 and a one year high of $34.00. The stock has a market cap of $280.14 million, a price-to-earnings ratio of 16.52 and a beta of 0.28. The company’s 50 day moving average is $30.00 and its 200-day moving average is $31.05.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. Territorial Bancorp’s dividend payout ratio (DPR) is 43.96%.

TRADEMARK VIOLATION NOTICE: “Allan S. Kitagawa Sells 4,813 Shares of Territorial Bancorp Inc. (TBNK) Stock” was originally reported by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.watchlistnews.com/allan-s-kitagawa-sells-4813-shares-of-territorial-bancorp-inc-tbnk-stock/1534719.html.

Several hedge funds have recently added to or reduced their stakes in TBNK. SG Americas Securities LLC acquired a new stake in Territorial Bancorp during the first quarter valued at $130,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in Territorial Bancorp by 12.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 18,265 shares of the financial services provider’s stock valued at $569,000 after buying an additional 2,030 shares during the period. JPMorgan Chase & Co. increased its stake in Territorial Bancorp by 1.1% in the first quarter. JPMorgan Chase & Co. now owns 65,567 shares of the financial services provider’s stock valued at $2,043,000 after buying an additional 713 shares during the period. Martingale Asset Management L P increased its stake in Territorial Bancorp by 0.3% in the first quarter. Martingale Asset Management L P now owns 31,109 shares of the financial services provider’s stock valued at $970,000 after buying an additional 97 shares during the period. Finally, Oxford Asset Management acquired a new stake in Territorial Bancorp during the first quarter valued at $272,000. Institutional investors and hedge funds own 45.97% of the company’s stock.

A number of research analysts have issued reports on TBNK shares. Zacks Investment Research downgraded shares of Territorial Bancorp from a “buy” rating to a “sell” rating in a research report on Wednesday, May 17th. ValuEngine downgraded shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub downgraded shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Territorial Bancorp in a research report on Thursday, August 10th. Finally, UBS AG downgraded shares of Territorial Bancorp to an “underperform” rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. Territorial Bancorp presently has a consensus rating of “Sell” and an average target price of $36.00.

Territorial Bancorp Company 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.

Insider Buying and Selling by Quarter for Territorial Bancorp (NASDAQ:TBNK)

Receive News & Ratings for Territorial Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Territorial Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.