Alliancebernstein L.P. Raises Stake in Territorial Bancorp Inc. (NASDAQ:TBNK)

Alliancebernstein L.P. increased its position in Territorial Bancorp Inc. (NASDAQ:TBNK) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500,523 shares of the financial services provider’s stock after buying an additional 38,500 shares during the period. Alliancebernstein L.P. owned about 5.67% of Territorial Bancorp worth $4,870,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TBNK. CKW Financial Group purchased a new stake in Territorial Bancorp in the 4th quarter valued at about $35,000. Arrowstreet Capital Limited Partnership purchased a new stake in Territorial Bancorp in the fourth quarter valued at approximately $99,000. Four Tree Island Advisory LLC acquired a new position in Territorial Bancorp during the fourth quarter worth approximately $364,000. Oddo BHF Asset Management Sas purchased a new position in Territorial Bancorp during the third quarter worth approximately $3,726,000. Finally, Wellington Management Group LLP raised its stake in Territorial Bancorp by 22.9% during the third 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 period. Institutional investors and hedge funds own 50.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Territorial Bancorp in a research report on Sunday. They issued a “hold” rating on the stock.

Territorial Bancorp Stock Performance

NASDAQ TBNK opened at $8.33 on Monday. The firm has a market capitalization of $73.57 million, a price-to-earnings ratio of -16.66 and a beta of 0.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. Territorial Bancorp Inc. has a one year low of $6.92 and a one year high of $11.44. The company’s 50 day moving average price is $8.43 and its 200 day moving average price is $9.56.

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

Territorial Bancorp Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, February 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.48%. Territorial Bancorp’s payout ratio is currently -8.00%.

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.