Territorial Bancorp Inc. (NASDAQ:TBNK) General Counsel Vernon Hirata sold 3,866 shares of Territorial Bancorp stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $30.07, for a total value of $116,250.62. The transaction was disclosed in a filing with the SEC, which is available at this link.

Territorial Bancorp Inc. (NASDAQ TBNK) traded down 0.37% during trading on Thursday, reaching $29.84. The company had a trading volume of 17,720 shares. The company has a 50-day moving average price of $29.68 and a 200 day moving average price of $30.74. Territorial Bancorp Inc. has a one year low of $27.73 and a one year high of $34.00. The company has a market capitalization of $276.53 million, a price-to-earnings ratio of 16.31 and a beta of 0.28.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were paid a $0.20 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.80 annualized dividend and a yield of 2.68%. Territorial Bancorp’s dividend payout ratio (DPR) is 43.96%.

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A number of research firms recently commented on TBNK. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Territorial Bancorp in a report on Thursday, August 10th. BidaskClub cut Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Zacks Investment Research cut Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. ValuEngine cut Territorial Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, UBS AG cut Territorial Bancorp to an “underperform” rating in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The stock currently has an average rating of “Sell” and an average target price of $36.00.

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its stake in Territorial Bancorp by 9.3% in the 1st quarter. Renaissance Technologies LLC now owns 549,600 shares of the financial services provider’s stock valued at $17,131,000 after buying an additional 46,700 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Territorial Bancorp by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 424,105 shares of the financial services provider’s stock valued at $13,228,000 after buying an additional 11,788 shares during the last quarter. Vanguard Group Inc. increased its stake in Territorial Bancorp by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 315,570 shares of the financial services provider’s stock valued at $9,842,000 after buying an additional 6,595 shares during the last quarter. State Street Corp increased its stake in Territorial Bancorp by 5.0% in the 2nd quarter. State Street Corp now owns 230,372 shares of the financial services provider’s stock valued at $7,184,000 after buying an additional 11,029 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Territorial Bancorp by 8.5% in the 2nd quarter. Northern Trust Corp now owns 90,566 shares of the financial services provider’s stock valued at $2,824,000 after buying an additional 7,123 shares during the last quarter. Hedge funds and other institutional investors own 45.97% of the company’s stock.

About Territorial Bancorp

Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of 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.

Insider Buying and Selling by Quarter for Territorial Bancorp (NASDAQ:TBNK)

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