Oddo BHF Asset Management Sas Takes $3.73 Million Position in Territorial Bancorp Inc. (NASDAQ:TBNK)

Oddo BHF Asset Management Sas acquired a new stake in Territorial Bancorp Inc. (NASDAQ:TBNK - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 368,598 shares of the financial services provider's stock, valued at approximately $3,726,000. Oddo BHF Asset Management Sas owned about 4.17% of Territorial Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TBNK. International Assets Investment Management LLC purchased a new stake in Territorial Bancorp during the 2nd quarter valued at approximately $27,000. Longfellow Investment Management Co. LLC acquired a new stake in Territorial Bancorp in the second quarter valued at about $37,000. Atria Investments Inc boosted its holdings in Territorial Bancorp by 12.7% in the 3rd 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 in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Territorial Bancorp during the 2nd quarter worth approximately $501,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Territorial Bancorp by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider's stock valued at $8,208,000 after buying an additional 146,541 shares during the period. Institutional investors and hedge funds own 50.35% of the company's stock.

Territorial Bancorp Price Performance

NASDAQ TBNK traded down $0.07 during mid-day trading on Friday, hitting $10.61. The stock had a trading volume of 11,424 shares, compared to its average volume of 24,526. The company has a 50 day simple moving average of $10.71 and a 200 day simple moving average of $9.58. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The company has a market cap of $93.69 million, a price-to-earnings ratio of -40.81 and a beta of 0.61. Territorial Bancorp Inc. has a 52-week low of $6.92 and a 52-week high of $11.64.

Territorial Bancorp (NASDAQ:TBNK - Get Free Report) last announced its earnings results on Monday, October 28th. The financial services provider reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.10). Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%. The company had revenue of $18.93 million for the quarter.

Territorial Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a $0.15 dividend. The ex-dividend date was Friday, November 8th. This is an increase from Territorial Bancorp's previous quarterly dividend of $0.01. This represents a $0.60 annualized dividend and a yield of 5.66%. Territorial Bancorp's payout ratio is -15.38%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Territorial Bancorp in a research report on Friday, December 6th. They issued a "hold" rating for the company.

About Territorial Bancorp

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.