Territorial Bancorp Inc (NASDAQ:TBNK) Shares Purchased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its holdings in shares of Territorial Bancorp Inc (NASDAQ:TBNK) by 27.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,441 shares of the financial services provider’s stock after acquiring an additional 526 shares during the period. BNP Paribas Arbitrage SA’s holdings in Territorial Bancorp were worth $60,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TBNK. Citigroup Inc. grew its holdings in Territorial Bancorp by 47.0% in the fourth quarter. Citigroup Inc. now owns 1,577 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 504 shares during the period. Geode Capital Management LLC raised its holdings in Territorial Bancorp by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 85,729 shares of the financial services provider’s stock valued at $2,652,000 after acquiring an additional 955 shares in the last quarter. Oxford Asset Management LLP raised its holdings in Territorial Bancorp by 12.4% in the fourth quarter. Oxford Asset Management LLP now owns 14,524 shares of the financial services provider’s stock valued at $449,000 after acquiring an additional 1,606 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Territorial Bancorp by 13.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 17,592 shares of the financial services provider’s stock valued at $544,000 after acquiring an additional 2,050 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in Territorial Bancorp by 38.1% in the first quarter. Wedge Capital Management L L P NC now owns 10,540 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 2,909 shares in the last quarter. Institutional investors own 49.43% of the company’s stock.

Shares of TBNK stock opened at $23.60 on Wednesday. Territorial Bancorp Inc has a 12 month low of $20.25 and a 12 month high of $32.45. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $24.33 and its two-hundred day moving average is $26.80. The company has a market cap of $203.94 million, a PE ratio of 11.08 and a beta of 0.61.

Territorial Bancorp (NASDAQ:TBNK) last issued its earnings results on Thursday, April 30th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $15.82 million during the quarter, compared to analysts’ expectations of $15.00 million. Territorial Bancorp had a return on equity of 8.18% and a net margin of 24.58%. As a group, equities analysts expect that Territorial Bancorp Inc will post 1.48 EPS for the current fiscal year.

Several equities analysts have recently commented on TBNK shares. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. BidaskClub lowered shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 12th. Finally, Compass Point raised their price objective on shares of Territorial Bancorp from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, May 1st.

In other news, COO Vernon Hirata sold 7,500 shares of Territorial Bancorp stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $25.21, for a total transaction of $189,075.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Ralph Y. Nakatsuka sold 3,500 shares of Territorial Bancorp stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $25.31, for a total value of $88,585.00. The disclosure for this sale can be found here. Insiders own 9.40% of the company’s stock.

Territorial Bancorp Profile

Territorial Bancorp, Inc operates as the bank holding company for Territorial Savings Bank, which provides financial services to individuals, families, and businesses in 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.

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Institutional Ownership by Quarter for Territorial Bancorp (NASDAQ:TBNK)

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