Kirk W. Caldwell Sells 2,700 Shares of Territorial Bancorp Inc (NASDAQ:TBNK) Stock

Territorial Bancorp Inc (NASDAQ:TBNK) Director Kirk W. Caldwell sold 2,700 shares of Territorial Bancorp stock in a transaction on Monday, July 1st. The shares were sold at an average price of $30.50, for a total transaction of $82,350.00. Following the completion of the sale, the director now owns 36,927 shares in the company, valued at approximately $1,126,273.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Territorial Bancorp stock opened at $29.80 on Thursday. The company has a market cap of $294.18 million, a PE ratio of 14.68 and a beta of 0.58. The stock has a 50-day moving average price of $28.03. Territorial Bancorp Inc has a 1 year low of $24.96 and a 1 year high of $31.94. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.44.

Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.20. Territorial Bancorp had a net margin of 26.26% and a return on equity of 8.86%. The company had revenue of $18.28 million for the quarter, compared to analysts’ expectations of $15.70 million. Research analysts anticipate that Territorial Bancorp Inc will post 2.18 earnings per share for the current fiscal year.

The firm also recently announced a None dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be given a $0.10 dividend. The ex-dividend date is Friday, July 5th. Territorial Bancorp’s dividend payout ratio (DPR) is 43.35%.

A number of large investors have recently modified their holdings of the business. Martingale Asset Management L P raised its position in Territorial Bancorp by 43.9% in the 1st quarter. Martingale Asset Management L P now owns 44,915 shares of the financial services provider’s stock worth $1,209,000 after buying an additional 13,709 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Territorial Bancorp by 514.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,629 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,364 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in Territorial Bancorp by 8.0% in the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 123,263 shares of the financial services provider’s stock worth $3,317,000 after buying an additional 9,133 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Territorial Bancorp by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 556,078 shares of the financial services provider’s stock worth $14,447,000 after buying an additional 20,139 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new position in Territorial Bancorp in the 4th quarter worth about $75,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on TBNK. BidaskClub cut shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, June 11th. Zacks Investment Research cut shares of Territorial Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, May 3rd. Finally, ValuEngine upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Monday, March 25th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Territorial Bancorp has an average rating of “Hold” and an average target price of $32.00.

About Territorial Bancorp

Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in 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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