Arrowstreet Capital Limited Partnership Invests $99,000 in Territorial Bancorp Inc. (NASDAQ:TBNK)

Arrowstreet Capital Limited Partnership acquired a new stake in Territorial Bancorp Inc. (NASDAQ:TBNK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,202 shares of the financial services provider’s stock, valued at approximately $99,000. Arrowstreet Capital Limited Partnership owned approximately 0.12% of Territorial Bancorp at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new position in Territorial Bancorp in the third quarter valued at about $3,726,000. Wellington Management Group LLP grew its stake in shares of Territorial Bancorp by 22.9% in the third 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 in the last quarter. Four Tree Island Advisory LLC purchased a new stake in shares of Territorial Bancorp during the 4th quarter valued at about $364,000. Finally, CKW Financial Group acquired a new position in Territorial Bancorp during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 50.35% of the company’s stock.

Territorial Bancorp Stock Performance

NASDAQ:TBNK opened at $8.33 on Tuesday. The firm has a 50-day moving average of $8.41 and a two-hundred day moving average of $9.54. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $73.57 million, a P/E ratio of -16.66 and a beta of 0.59. Territorial Bancorp Inc. has a 1-year low of $6.92 and a 1-year high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings results on Friday, January 31st. The financial services provider reported ($0.20) 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 business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, February 14th. Territorial Bancorp’s payout ratio is currently -8.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Territorial Bancorp in a research report on Sunday. They issued 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.