Atria Investments Inc Increases Stake in Territorial Bancorp Inc. (NASDAQ:TBNK)

Atria Investments Inc lifted its position in Territorial Bancorp Inc. (NASDAQ:TBNK) by 12.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,204 shares of the financial services provider’s stock after purchasing an additional 1,380 shares during the period. Atria Investments Inc owned about 0.14% of Territorial Bancorp worth $127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in Territorial Bancorp during the second quarter valued at $27,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Territorial Bancorp in the 2nd quarter worth about $37,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Territorial Bancorp during the 2nd quarter valued at about $501,000. 50.35% of the stock is owned by hedge funds and other institutional investors.

Territorial Bancorp Stock Performance

TBNK opened at $10.94 on Monday. 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 firm has a fifty day moving average price of $10.56 and a 200 day moving average price of $9.36. Territorial Bancorp Inc. has a 1 year low of $6.92 and a 1 year high of $11.64. The stock has a market cap of $96.60 million, a P/E ratio of -42.08 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%. The company had revenue of $18.93 million during the quarter.

Territorial Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.15 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.48%. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. Territorial Bancorp’s dividend payout ratio is currently -15.38%.

Wall Street Analyst Weigh In

TBNK has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Territorial Bancorp in a report on Wednesday, November 20th. They set a “hold” rating for the company. Keefe, Bruyette & Woods lifted their target price on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th.

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.