Geode Capital Management LLC Has $782,000 Stock Holdings in Territorial Bancorp Inc. (NASDAQ:TBNK)

Geode Capital Management LLC decreased its position in Territorial Bancorp Inc. (NASDAQ:TBNK) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,905 shares of the financial services provider’s stock after selling 4,673 shares during the period. Geode Capital Management LLC owned 0.85% of Territorial Bancorp worth $782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its position in Territorial Bancorp by 12.7% during the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,380 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in Territorial Bancorp in the second quarter valued at approximately $501,000. International Assets Investment Management LLC boosted its stake in Territorial Bancorp by 944.0% in the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock valued at $3,300,000 after acquiring an additional 31,152 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Territorial Bancorp by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after acquiring an additional 146,541 shares during the period. 50.35% of the stock is currently owned by institutional investors and hedge funds.

Territorial Bancorp Stock Down 4.6 %

Shares of NASDAQ TBNK opened at $8.87 on Friday. Territorial Bancorp Inc. has a 52-week low of $6.92 and a 52-week high of $11.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $78.34 million, a P/E ratio of -34.11 and a beta of 0.62. The firm has a 50 day moving average price of $10.32 and a 200 day moving average price of $9.86.

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

Territorial Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.15 dividend. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. This represents a $0.60 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend was Friday, November 8th. 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 note on Tuesday. They issued a “hold” rating on the stock.

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.