Northern Trust Corp Raises Position in Territorial Bancorp Inc. (NASDAQ:TBNK)

Northern Trust Corp increased its holdings in Territorial Bancorp Inc. (NASDAQ:TBNK) by 55.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,836 shares of the financial services provider’s stock after buying an additional 12,476 shares during the period. Northern Trust Corp owned 0.39% of Territorial Bancorp worth $339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TBNK. Arrowstreet Capital Limited Partnership purchased a new stake in Territorial Bancorp during the fourth quarter valued at about $99,000. Four Tree Island Advisory LLC purchased a new stake in Territorial Bancorp during the fourth quarter valued at about $364,000. Susquehanna International Group LLP raised its position in Territorial Bancorp by 66.8% during the fourth quarter. Susquehanna International Group LLP now owns 185,250 shares of the financial services provider’s stock valued at $1,802,000 after purchasing an additional 74,207 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Territorial Bancorp by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 432,371 shares of the financial services provider’s stock valued at $4,207,000 after purchasing an additional 19,870 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Territorial Bancorp by 8.3% during the fourth quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock valued at $4,870,000 after purchasing an additional 38,500 shares in the last quarter. Hedge funds and other institutional investors own 50.35% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen began coverage on Territorial Bancorp in a research report on Thursday, May 15th. They set a “hold” rating on the stock.

Territorial Bancorp Stock Performance

NASDAQ TBNK opened at $8.33 on Monday. The stock’s 50-day simple moving average is $8.34 and its two-hundred day simple moving average is $8.99. Territorial Bancorp Inc. has a twelve month low of $7.56 and a twelve month high of $11.44. 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 capitalization of $73.57 million, a price-to-earnings ratio of -16.66 and a beta of 0.59.

Territorial Bancorp Company 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.