Two Sigma Advisers LP lessened its position in shares of Territorial Bancorp (NASDAQ:TBNK) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,314 shares of the financial services provider’s stock after selling 2,100 shares during the quarter. Two Sigma Advisers LP owned about 0.17% of Territorial Bancorp worth $534,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Stone Ridge Asset Management LLC purchased a new stake in shares of Territorial Bancorp during the 4th quarter valued at approximately $281,000. Deutsche Bank AG raised its position in Territorial Bancorp by 104.2% in the fourth quarter. Deutsche Bank AG now owns 25,549 shares of the financial services provider’s stock valued at $786,000 after purchasing an additional 13,040 shares during the period. Renaissance Technologies LLC raised its position in Territorial Bancorp by 1.8% in the fourth quarter. Renaissance Technologies LLC now owns 574,800 shares of the financial services provider’s stock valued at $17,744,000 after purchasing an additional 10,200 shares during the period. Brandes Investment Partners LP raised its position in Territorial Bancorp by 75.9% in the fourth quarter. Brandes Investment Partners LP now owns 47,218 shares of the financial services provider’s stock valued at $1,457,000 after purchasing an additional 20,378 shares during the period. Finally, Martingale Asset Management L P raised its position in Territorial Bancorp by 11.0% in the fourth quarter. Martingale Asset Management L P now owns 31,206 shares of the financial services provider’s stock valued at $964,000 after purchasing an additional 3,100 shares during the period. 46.68% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. BidaskClub raised Territorial Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Zacks Investment Research raised Territorial Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $33.00 target price on shares of Territorial Bancorp in a research report on Tuesday, February 27th. Finally, ValuEngine raised Territorial Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $34.00.
Shares of NASDAQ TBNK opened at $30.03 on Friday. The company has a market capitalization of $293.68, a price-to-earnings ratio of 16.87 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 52-week low of $28.12 and a 52-week high of $33.00.
Territorial Bancorp (NASDAQ:TBNK) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $15.76 million during the quarter, compared to analysts’ expectations of $15.90 million. Territorial Bancorp had a net margin of 20.73% and a return on equity of 7.24%. analysts predict 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 shares were sold at an average price of $30.59, for a total value of $114,284.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.10% of the stock is owned by insiders.
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About Territorial Bancorp
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.
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