Assenagon Asset Management S.A. acquired a new position in Territorial Bancorp Inc (NASDAQ:TBNK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,391 shares of the financial services provider’s stock, valued at approximately $247,000. Assenagon Asset Management S.A. owned about 0.11% of Territorial Bancorp at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Territorial Bancorp by 27.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,441 shares of the financial services provider’s stock worth $60,000 after buying an additional 526 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Territorial Bancorp by 115.9% in the first quarter. Citigroup Inc. now owns 3,405 shares of the financial services provider’s stock worth $84,000 after buying an additional 1,828 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Territorial Bancorp in the second quarter worth approximately $131,000. Wedge Capital Management L L P NC boosted its holdings in shares of 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 worth $259,000 after buying an additional 2,909 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Territorial Bancorp by 61.9% in the fourth quarter. UBS Group AG now owns 9,585 shares of the financial services provider’s stock worth $297,000 after buying an additional 3,666 shares during the last quarter. 49.44% of the stock is currently owned by institutional investors.
In other news, COO Ralph Y. Nakatsuka sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $25.31, for a total value of $88,585.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Vernon Hirata sold 7,500 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $25.21, for a total transaction of $189,075.00. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by insiders.
Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. Territorial Bancorp had a net margin of 24.58% and a return on equity of 8.18%. The business had revenue of $16.23 million for the quarter, compared to the consensus estimate of $14.90 million.
Several brokerages have weighed in on TBNK. Compass Point lifted their price target on shares of Territorial Bancorp from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, May 1st. BidaskClub downgraded shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Friday, June 12th.
About Territorial Bancorp
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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