Territorial Bancorp Inc. (TBNK) Shares Sold by California State Teachers Retirement System
California State Teachers Retirement System cut its holdings in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,674 shares of the financial services provider’s stock after selling 1,600 shares during the period. California State Teachers Retirement System owned about 0.15% of Territorial Bancorp worth $426,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp grew its position in Territorial Bancorp by 5.0% during the 2nd quarter. State Street Corp now owns 230,372 shares of the financial services provider’s stock worth $7,184,000 after acquiring an additional 11,029 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in Territorial Bancorp by 50.5% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 12,517 shares of the financial services provider’s stock worth $389,000 after buying an additional 4,200 shares in the last quarter. Voya Investment Management LLC acquired a new position in Territorial Bancorp during the 2nd quarter worth $204,000. Dimensional Fund Advisors LP lifted its holdings in Territorial Bancorp by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 424,105 shares of the financial services provider’s stock worth $13,228,000 after buying an additional 11,788 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Territorial Bancorp by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 315,570 shares of the financial services provider’s stock worth $9,842,000 after buying an additional 6,595 shares in the last quarter. Institutional investors and hedge funds own 47.15% of the company’s stock.
Territorial Bancorp Inc. (NASDAQ TBNK) opened at $30.46 on Friday. Territorial Bancorp Inc. has a 1-year low of $28.12 and a 1-year high of $34.00. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $300.96, a price-to-earnings ratio of 17.22 and a beta of 0.29.
Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. Territorial Bancorp had a return on equity of 7.34% and a net margin of 24.07%. The firm had revenue of $15.57 million for the quarter, compared to the consensus estimate of $15.90 million. equities analysts expect that Territorial Bancorp Inc. will post 1.8 earnings per share for the current year.
The company also recently disclosed a special dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.30 per share. This is an increase from Territorial Bancorp’s previous special dividend of $0.10. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a yield of 2.54%. Territorial Bancorp’s dividend payout ratio is currently 44.20%.
Several research analysts have issued reports on the company. Zacks Investment Research raised Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub raised Territorial Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The stock presently has an average rating of “Sell”.
In other news, Director Kirk W. Caldwell sold 2,125 shares of the stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $32.54, for a total value of $69,147.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Vernon Hirata sold 1,900 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $30.52, for a total value of $57,988.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,115 shares of company stock worth $551,691. Company insiders own 13.10% of the company’s stock.
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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.
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