State Street Corp Sells 1,600 Shares of Territorial Bancorp Inc. (NASDAQ:TBNK)

State Street Corp lessened its position in Territorial Bancorp Inc. (NASDAQ:TBNK) by 5.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,032 shares of the financial services provider’s stock after selling 1,600 shares during the period. State Street Corp owned about 0.34% of Territorial Bancorp worth $314,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TBNK. International Assets Investment Management LLC acquired a new position in Territorial Bancorp in the second quarter valued at about $27,000. Longfellow Investment Management Co. LLC bought a new position in shares of Territorial Bancorp in the second quarter valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Territorial Bancorp in the second quarter valued at approximately $501,000. Finally, Atria Investments Inc boosted its holdings in shares of Territorial Bancorp by 12.7% in the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 1,380 shares in the last quarter. Institutional investors own 50.35% of the company’s stock.

Territorial Bancorp Trading Up 0.4 %

TBNK opened at $9.51 on Friday. Territorial Bancorp Inc. has a 1-year low of $6.92 and a 1-year high of $11.60. The stock has a market capitalization of $83.99 million, a PE ratio of -36.58 and a beta of 0.62. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $10.42 and a two-hundred day moving average price of $9.81.

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

Territorial Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.31%. The ex-dividend date was Friday, November 8th. This is a positive change from Territorial Bancorp’s previous quarterly dividend of $0.01. Territorial Bancorp’s dividend payout ratio is -15.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Territorial Bancorp in a research report on Monday, December 30th. They issued a “hold” rating for the company.

Territorial Bancorp 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.