Russell Investments Group Ltd. Sells 9,757 Shares of Territorial Bancorp Inc. (NASDAQ:TBNK)

Russell Investments Group Ltd. reduced its stake in Territorial Bancorp Inc. (NASDAQ:TBNK – Get Rating) by 16.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,062 shares of the financial services provider’s stock after selling 9,757 shares during the period. Russell Investments Group Ltd. owned 0.54% of Territorial Bancorp worth $1,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Alliancebernstein L.P. boosted its position in shares of Territorial Bancorp by 3.7% in the 3rd quarter. Alliancebernstein L.P. now owns 402,584 shares of the financial services provider’s stock worth $7,464,000 after purchasing an additional 14,549 shares during the last quarter. Brandywine Global Investment Management LLC raised its stake in Territorial Bancorp by 5.8% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 103,209 shares of the financial services provider’s stock worth $1,913,000 after buying an additional 5,665 shares during the period. White Pine Capital LLC raised its stake in Territorial Bancorp by 374.7% during the 3rd quarter. White Pine Capital LLC now owns 51,766 shares of the financial services provider’s stock worth $960,000 after buying an additional 40,862 shares during the period. Fourthstone LLC raised its stake in Territorial Bancorp by 42.9% during the 1st quarter. Fourthstone LLC now owns 39,811 shares of the financial services provider’s stock worth $955,000 after buying an additional 11,949 shares during the period. Finally, State Street Corp raised its stake in Territorial Bancorp by 3.8% during the 1st quarter. State Street Corp now owns 35,532 shares of the financial services provider’s stock worth $853,000 after buying an additional 1,289 shares during the period. 43.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TBNK shares. Keefe, Bruyette & Woods dropped their price objective on Territorial Bancorp from $26.00 to $25.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. StockNews.com started coverage on Territorial Bancorp in a research note on Thursday, May 18th. They issued a “sell” rating on the stock.

Territorial Bancorp Trading Up 1.4 %

Territorial Bancorp stock opened at $11.46 on Thursday. Territorial Bancorp Inc. has a 52 week low of $9.57 and a 52 week high of $25.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $102.22 million, a P/E ratio of 7.39 and a beta of 0.53. The stock has a 50-day simple moving average of $16.23 and a 200 day simple moving average of $20.65.

Territorial Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Thursday, May 11th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, May 10th. This represents a $0.92 dividend on an annualized basis and a yield of 8.03%. Territorial Bancorp’s dividend payout ratio (DPR) is currently 59.36%.

Territorial Bancorp Company Profile

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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.