Wellington Management Group LLP Grows Stake in Territorial Bancorp Inc. (NASDAQ:TBNK)

Wellington Management Group LLP increased its position in Territorial Bancorp Inc. (NASDAQ:TBNK - Free Report) by 22.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 786,248 shares of the financial services provider's stock after purchasing an additional 146,541 shares during the period. Wellington Management Group LLP owned 8.90% of Territorial Bancorp worth $8,208,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Territorial Bancorp in the 2nd quarter worth about $27,000. Longfellow Investment Management Co. LLC purchased a new stake in Territorial Bancorp in the second quarter worth about $37,000. Atria Investments Inc increased its stake in shares of Territorial Bancorp by 12.7% during 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 in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Territorial Bancorp during the second quarter valued at approximately $501,000. Institutional investors own 50.35% of the company's stock.

Territorial Bancorp Stock Up 1.6 %

Territorial Bancorp stock traded up $0.17 during mid-day trading on Monday, reaching $10.78. The stock had a trading volume of 32,746 shares, compared to its average volume of 24,560. Territorial Bancorp Inc. has a one year low of $6.92 and a one year high of $11.64. The company has a 50-day moving average price of $10.70 and a two-hundred day moving average price of $9.63. The company has a market capitalization of $95.21 million, a price-to-earnings ratio of -40.81 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 (NASDAQ:TBNK - Get Free Report) last issued its earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Territorial Bancorp had a negative return on equity of 0.90% and a negative net margin of 3.01%. The firm had revenue of $18.93 million during the quarter.

Territorial Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.57%. This is an increase from Territorial Bancorp's previous quarterly dividend of $0.01. The ex-dividend date was Friday, November 8th. Territorial Bancorp's dividend payout ratio (DPR) is currently -15.38%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Territorial Bancorp in a research note on Saturday. They issued a "hold" rating on the stock.

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.