Schwab Charles Investment Management Inc. Sells 2,397 Shares of Territorial Bancorp Inc (TBNK)

Schwab Charles Investment Management Inc. cut its position in Territorial Bancorp Inc (NASDAQ:TBNK) by 13.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,071 shares of the financial services provider’s stock after selling 2,397 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.17% of Territorial Bancorp worth $499,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TBNK. Millennium Management LLC bought a new stake in shares of Territorial Bancorp during the 1st quarter worth about $326,000. First Trust Advisors LP raised its position in shares of Territorial Bancorp by 19.1% during the 2nd quarter. First Trust Advisors LP now owns 13,760 shares of the financial services provider’s stock worth $427,000 after buying an additional 2,205 shares in the last quarter. Sei Investments Co. raised its position in shares of Territorial Bancorp by 14.8% during the 2nd quarter. Sei Investments Co. now owns 14,183 shares of the financial services provider’s stock worth $440,000 after buying an additional 1,828 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in shares of Territorial Bancorp by 74.1% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 66,134 shares of the financial services provider’s stock worth $1,962,000 after buying an additional 28,155 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Territorial Bancorp by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 480,264 shares of the financial services provider’s stock worth $14,245,000 after buying an additional 22,795 shares in the last quarter. Institutional investors own 44.18% of the company’s stock.

NASDAQ TBNK opened at $28.77 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.92 and a current ratio of 0.92. Territorial Bancorp Inc has a 12 month low of $28.40 and a 12 month high of $33.00. The company has a market capitalization of $282.74 million, a P/E ratio of 16.16 and a beta of 0.22.

Territorial Bancorp (NASDAQ:TBNK) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. Territorial Bancorp had a net margin of 21.63% and a return on equity of 7.74%. The business had revenue of $15.74 million for the quarter, compared to the consensus estimate of $16.20 million. On average, research analysts expect that Territorial Bancorp Inc will post 2.06 EPS for the current fiscal year.

TBNK has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Territorial Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 price target on shares of Territorial Bancorp in a research report on Friday, July 27th. Sandler O’Neill restated a “hold” rating and set a $32.00 price target on shares of Territorial Bancorp in a research report on Friday, July 27th. Zacks Investment Research upgraded shares of Territorial Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Finally, ValuEngine downgraded shares of Territorial Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.00.

Territorial Bancorp Profile

Territorial Bancorp Inc operates as the holding company for Territorial Savings Bank that provides various financial services to individuals, families, and businesses. The company offers a range of deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts, and NOW accounts.

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

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