Four Tree Island Advisory LLC Acquires New Shares in Territorial Bancorp Inc. (NASDAQ:TBNK)

Four Tree Island Advisory LLC purchased a new position in shares of Territorial Bancorp Inc. (NASDAQ:TBNK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,441 shares of the financial services provider's stock, valued at approximately $364,000. Territorial Bancorp makes up 0.3% of Four Tree Island Advisory LLC's holdings, making the stock its 22nd biggest holding. Four Tree Island Advisory LLC owned about 0.42% of Territorial Bancorp at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Atria Investments Inc lifted its stake in Territorial Bancorp by 12.7% during the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider's stock worth $127,000 after purchasing an additional 1,380 shares during the last quarter. CKW Financial Group bought a new position in Territorial Bancorp during the 4th quarter worth $35,000. International Assets Investment Management LLC raised its position in Territorial Bancorp by 944.0% during the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider's stock worth $3,300,000 after purchasing an additional 31,152 shares during the last quarter. Wellington Management Group LLP raised its position in Territorial Bancorp by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider's stock worth $8,208,000 after purchasing an additional 146,541 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in Territorial Bancorp during the 3rd quarter worth about $3,726,000. Institutional investors and hedge funds own 50.35% of the company's stock.

Territorial Bancorp Stock Up 2.8 %

Shares of TBNK traded up $0.24 during trading hours on Thursday, hitting $8.84. The stock had a trading volume of 3,344 shares, compared to its average volume of 15,498. The firm has a market capitalization of $78.06 million, a P/E ratio of -17.68 and a beta of 0.61. 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 $9.49 and a 200-day simple moving average of $9.92.

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

Territorial Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, February 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.45%. Territorial Bancorp's dividend payout ratio is currently -8.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Territorial Bancorp in a report on Saturday, February 8th. They set a "hold" rating for the company.

Territorial Bancorp 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.