Numeric Investors LLC Has $5.21 Million Holdings in Territorial Bancorp Inc. (TBNK)
Numeric Investors LLC lowered its stake in Territorial Bancorp Inc. (NASDAQ:TBNK) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,013 shares of the financial services provider’s stock after selling 4,862 shares during the period. Numeric Investors LLC owned approximately 1.80% of Territorial Bancorp worth $5,209,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in TBNK. Royce & Associates LP bought a new stake in shares of Territorial Bancorp during the 1st quarter worth $2,182,000. Renaissance Technologies LLC grew its stake in Territorial Bancorp by 9.3% in the 1st quarter. Renaissance Technologies LLC now owns 549,600 shares of the financial services provider’s stock valued at $17,131,000 after buying an additional 46,700 shares during the last quarter. First Quadrant L P CA grew its stake in Territorial Bancorp by 690.6% in the 2nd quarter. First Quadrant L P CA now owns 29,457 shares of the financial services provider’s stock valued at $919,000 after buying an additional 25,731 shares during the last quarter. Menta Capital LLC acquired a new position in Territorial Bancorp in the 1st quarter valued at $556,000. Finally, Schwab Charles Investment Management Inc. grew its stake in Territorial Bancorp by 131.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 28,192 shares of the financial services provider’s stock valued at $880,000 after buying an additional 15,992 shares during the last quarter. 45.97% of the stock is owned by institutional investors.
Shares of Territorial Bancorp Inc. (TBNK) opened at 31.89 on Wednesday. The firm has a 50-day moving average price of $30.03 and a 200-day moving average price of $30.65. The firm has a market cap of $295.52 million, a price-to-earnings ratio of 17.43 and a beta of 0.29. Territorial Bancorp Inc. has a 12-month low of $27.73 and a 12-month high of $34.00.
In related news, Chairman Allan S. Kitagawa sold 4,813 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $30.00, for a total value of $144,390.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Vernon Hirata sold 3,866 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $30.07, for a total transaction of $116,250.62. The disclosure for this sale can be found here. Insiders have sold a total of 11,803 shares of company stock worth $355,403 over the last 90 days. 9.80% of the stock is owned by company insiders.
TBNK has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday. UBS AG cut shares of Territorial Bancorp to an “underperform” rating in a report on Thursday, August 10th. BidaskClub cut shares of Territorial Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Territorial Bancorp in a research report on Thursday, August 10th. Finally, ValuEngine downgraded Territorial Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock has a consensus rating of “Sell” and an average price target of $36.00.
Territorial Bancorp 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.
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