Territorial Bancorp (TBNK) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in Territorial Bancorp (NASDAQ:TBNK) by 61.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,406 shares of the financial services provider’s stock after purchasing an additional 4,345 shares during the period. California Public Employees Retirement System owned about 0.11% of Territorial Bancorp worth $352,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Dalton Greiner Hartman Maher & Co. purchased a new position in Territorial Bancorp in the fourth quarter worth $1,172,000. Legion Partners Asset Management LLC boosted its position in Territorial Bancorp by 46.1% in the third quarter. Legion Partners Asset Management LLC now owns 426,047 shares of the financial services provider’s stock worth $13,450,000 after purchasing an additional 134,400 shares during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in Territorial Bancorp by 18.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 14,817 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 2,300 shares during the last quarter. Royce & Associates LP boosted its position in Territorial Bancorp by 16.9% in the third quarter. Royce & Associates LP now owns 81,800 shares of the financial services provider’s stock worth $2,582,000 after purchasing an additional 11,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Territorial Bancorp by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 447,359 shares of the financial services provider’s stock worth $14,123,000 after purchasing an additional 23,254 shares during the last quarter. 46.69% of the stock is currently owned by institutional investors and hedge funds.

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TBNK has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $33.00 price objective on shares of Territorial Bancorp in a research report on Tuesday, February 27th. Zacks Investment Research raised Territorial Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Sandler O’Neill reissued a “hold” rating and issued a $34.00 price objective on shares of Territorial Bancorp in a research report on Friday, January 26th. BidaskClub cut Territorial Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Finally, ValuEngine raised Territorial Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Territorial Bancorp has a consensus rating of “Hold” and an average price target of $34.00.

Shares of NASDAQ:TBNK opened at $29.66 on Friday. The firm has a market capitalization of $288.62, a price-to-earnings ratio of 16.57 and a beta of 0.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.92 and a current ratio of 0.92. Territorial Bancorp has a 1 year low of $28.12 and a 1 year high of $33.00.

Territorial Bancorp (NASDAQ:TBNK) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). The firm had revenue of $15.76 million during the quarter, compared to the consensus estimate of $15.90 million. Territorial Bancorp had a net margin of 20.73% and a return on equity of 7.24%. research analysts anticipate that Territorial Bancorp will post 2.13 earnings per share for the current fiscal year.

In other Territorial Bancorp news, Director Howard Y. Ikeda sold 3,736 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $30.59, for a total value of $114,284.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.

Institutional Ownership by Quarter for Territorial Bancorp (NASDAQ:TBNK)

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