Kirk W. Caldwell Sells 2,125 Shares of Territorial Bancorp Inc. (TBNK) Stock

Territorial Bancorp Inc. (NASDAQ:TBNK) Director Kirk W. Caldwell sold 2,125 shares of Territorial Bancorp stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $32.54, for a total transaction of $69,147.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Territorial Bancorp Inc. (NASDAQ TBNK) opened at 32.65 on Friday. The firm has a 50-day moving average of $30.73 and a 200 day moving average of $30.71. The stock has a market cap of $302.57 million, a PE ratio of 17.84 and a beta of 0.29. Territorial Bancorp Inc. has a 12 month low of $27.73 and a 12 month high of $34.00.

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Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Territorial Bancorp by 3.1% during the first quarter. Vanguard Group Inc. now owns 308,975 shares of the financial services provider’s stock worth $9,630,000 after purchasing an additional 9,314 shares during the last quarter. Bank of New York Mellon Corp increased its position in Territorial Bancorp by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 62,782 shares of the financial services provider’s stock worth $1,957,000 after purchasing an additional 727 shares during the last quarter. Renaissance Technologies LLC increased its position in Territorial Bancorp by 9.3% during the first quarter. Renaissance Technologies LLC now owns 549,600 shares of the financial services provider’s stock worth $17,131,000 after purchasing an additional 46,700 shares during the last quarter. Spark Investment Management LLC increased its position in Territorial Bancorp by 28.4% during the first quarter. Spark Investment Management LLC now owns 12,200 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 2,700 shares during the last quarter. Finally, John W. Rosenthal Capital Management Inc. acquired a new stake in shares of Territorial Bancorp in the second quarter worth $487,000. 45.97% of the stock is owned by hedge funds and other institutional investors.

TBNK has been the subject of several research reports. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine downgraded shares of Territorial Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub downgraded shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Territorial Bancorp in a report on Thursday, August 10th. Finally, UBS AG downgraded shares of Territorial Bancorp to an “underperform” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock currently has an average rating of “Sell”.

Territorial Bancorp Company Profile

Territorial Bancorp Inc is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of 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.

Insider Buying and Selling by Quarter for Territorial Bancorp (NASDAQ:TBNK)

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