Territorial Bancorp Inc. (NASDAQ:TBNK) Vice Chairman Ralph Y. Nakatsuka sold 4,050 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $28.82, for a total value of $116,721.00. Following the completion of the transaction, the insider now owns 110,248 shares in the company, valued at $3,177,347.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Territorial Bancorp Inc. (NASDAQ:TBNK) opened at 28.85 on Friday. The stock has a market capitalization of $261.12 million, a P/E ratio of 17.59 and a beta of 0.29. Territorial Bancorp Inc. has a 52-week low of $24.87 and a 52-week high of $29.44. The company has a 50 day moving average price of $28.51 and a 200-day moving average price of $26.78.
Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings results on Friday, July 29th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. Territorial Bancorp had a return on equity of 6.86% and a net margin of 21.86%. On average, analysts predict that Territorial Bancorp Inc. will post $1.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.50%. The ex-dividend date was Wednesday, August 10th. Territorial Bancorp’s dividend payout ratio is currently 43.90%.
A number of equities research analysts recently commented on TBNK shares. Zacks Investment Research upgraded Territorial Bancorp from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Friday, August 5th. Keefe, Bruyette & Woods boosted their target price on Territorial Bancorp from $26.00 to $27.00 and gave the stock a “market perform” rating in a research report on Monday, August 1st.
A number of large investors have recently made changes to their positions in TBNK. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Territorial Bancorp by 0.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,200 shares of the financial services provider’s stock valued at $448,000 after buying an additional 80 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Territorial Bancorp by 5.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 117,821 shares of the financial services provider’s stock valued at $3,070,000 after buying an additional 6,613 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Territorial Bancorp by 3.1% in the first quarter. Geode Capital Management LLC now owns 58,468 shares of the financial services provider’s stock valued at $1,523,000 after buying an additional 1,769 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Territorial Bancorp by 3.3% in the first quarter. Renaissance Technologies LLC now owns 440,200 shares of the financial services provider’s stock valued at $11,472,000 after buying an additional 13,900 shares in the last quarter. Finally, Amici Capital LLC bought a new stake in shares of Territorial Bancorp during the first quarter valued at $391,000. 43.02% of the stock is currently owned by institutional investors.
About Territorial Bancorp
Territorial Bancorp Inc is a bank holding company. The Company owns Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its approximately 30 banking offices located throughout the State of Hawaii. Its business consists 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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