Territorial Bancorp Inc. (NASDAQ:TBNK) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its position in Territorial Bancorp Inc. (NASDAQ:TBNK) by 16.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 92,971 shares of the financial services provider’s stock after selling 18,835 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 1.05% of Territorial Bancorp worth $905,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TBNK. Oddo BHF Asset Management Sas purchased a new position in Territorial Bancorp during the third quarter worth about $3,726,000. Wellington Management Group LLP raised its position in Territorial Bancorp by 22.9% in the third quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock worth $8,208,000 after acquiring an additional 146,541 shares in the last quarter. Four Tree Island Advisory LLC acquired a new stake in Territorial Bancorp in the fourth quarter valued at $364,000. CKW Financial Group acquired a new position in shares of Territorial Bancorp during the 4th quarter worth $35,000. Finally, Atria Investments Inc lifted its stake in shares of Territorial Bancorp by 12.7% in the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 1,380 shares during the period. Hedge funds and other institutional investors own 50.35% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Territorial Bancorp in a research note on Wednesday, March 12th. They issued a “hold” rating for the company.

Territorial Bancorp Stock Performance

NASDAQ:TBNK opened at $8.48 on Tuesday. The firm has a market cap of $74.90 million, a PE ratio of -16.96 and a beta of 0.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. Territorial Bancorp Inc. has a 1-year low of $6.92 and a 1-year high of $11.44. The firm has a 50 day simple moving average of $8.73 and a 200-day simple moving average of $9.77.

Territorial Bancorp (NASDAQ:TBNK) last posted its quarterly earnings data on Friday, January 31st. The financial services provider reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.18). Territorial Bancorp had a negative return on equity of 1.72% and a negative net margin of 5.74%.

Territorial Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, February 14th. Territorial Bancorp’s dividend payout ratio is currently -8.00%.

Territorial Bancorp Company Profile

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of deposit.