Territorial Bancorp Inc (TBNK) General Counsel Vernon Hirata Sells 1,400 Shares
Territorial Bancorp Inc (NASDAQ:TBNK) General Counsel Vernon Hirata sold 1,400 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $31.07, for a total transaction of $43,498.00. Following the transaction, the general counsel now directly owns 57,975 shares of the company’s stock, valued at approximately $1,801,283.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Territorial Bancorp Inc (NASDAQ:TBNK) traded down 0.62% on Monday, hitting $32.05. 66,796 shares of the company traded hands. The company has a market capitalization of $294.06 million, a PE ratio of 18.21 and a beta of 0.28. The stock’s 50-day moving average price is $32.36 and its 200-day moving average price is $30.99. Territorial Bancorp Inc has a 12 month low of $24.96 and a 12 month high of $34.00.
Territorial Bancorp (NASDAQ:TBNK) last announced its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.00. Territorial Bancorp had a net margin of 23.30% and a return on equity of 7.24%. On average, equities analysts predict that Territorial Bancorp Inc will post $1.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 23rd. Shareholders of record on Thursday, February 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.50%. The ex-dividend date was Tuesday, February 7th. This is a boost from Territorial Bancorp’s previous quarterly dividend of $0.18. Territorial Bancorp’s payout ratio is 45.71%.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Legion Partners Asset Management LLC purchased a new position in Territorial Bancorp during the fourth quarter valued at approximately $9,578,000. Russell Investments Group Ltd. purchased a new position in Territorial Bancorp during the fourth quarter valued at approximately $1,844,000. Nationwide Fund Advisors boosted its position in Territorial Bancorp by 404.3% in the third quarter. Nationwide Fund Advisors now owns 34,177 shares of the financial services provider’s stock valued at $980,000 after buying an additional 27,400 shares during the period. Renaissance Technologies LLC boosted its position in Territorial Bancorp by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 502,900 shares of the financial services provider’s stock valued at $16,515,000 after buying an additional 22,600 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Territorial Bancorp by 78.8% in the third quarter. JPMorgan Chase & Co. now owns 48,050 shares of the financial services provider’s stock valued at $1,378,000 after buying an additional 21,181 shares during the period. Institutional investors own 43.63% of the company’s stock.
Separately, Zacks Investment Research cut shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, February 15th.
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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