Oddo BHF Asset Management Sas Invests $3.73 Million in Territorial Bancorp Inc. (NASDAQ:TBNK)

Oddo BHF Asset Management Sas purchased a new position in Territorial Bancorp Inc. (NASDAQ:TBNK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 368,598 shares of the financial services provider’s stock, valued at approximately $3,726,000. Oddo BHF Asset Management Sas owned 4.17% of Territorial Bancorp as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings 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 worth $8,208,000 after buying an additional 146,541 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Territorial Bancorp in the second quarter worth approximately $501,000. International Assets Investment Management LLC boosted its holdings in shares of Territorial Bancorp by 944.0% in the third quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock worth $3,300,000 after buying an additional 31,152 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new position in shares of Territorial Bancorp in the second quarter worth approximately $37,000. Finally, Atria Investments Inc boosted its holdings in shares of Territorial Bancorp by 12.7% in the third quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,380 shares during the last quarter. 50.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Territorial Bancorp in a report on Friday, December 6th. They issued a “hold” rating on the stock.

Territorial Bancorp Stock Performance

Shares of NASDAQ:TBNK opened at $10.68 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. Territorial Bancorp Inc. has a 1-year low of $6.92 and a 1-year high of $11.64. The firm’s 50 day simple moving average is $10.71 and its two-hundred day simple moving average is $9.58.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings results on Monday, October 28th. The financial services provider reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Territorial Bancorp had a negative net margin of 3.01% and a negative return on equity of 0.90%. The firm had revenue of $18.93 million for the quarter.

Territorial Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 5.62%. This is an increase from Territorial Bancorp’s previous quarterly dividend of $0.01. Territorial Bancorp’s payout ratio is currently -15.38%.

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.