Arrowstreet Capital Limited Partnership Invests $99,000 in Territorial Bancorp Inc. (NASDAQ:TBNK)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Territorial Bancorp Inc. (NASDAQ:TBNK) in the fourth quarter, HoldingsChannel reports. The fund acquired 10,202 shares of the financial services provider’s stock, valued at approximately $99,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Territorial Bancorp by 22.9% during the 3rd quarter. Wellington Management Group LLP now owns 786,248 shares of the financial services provider’s stock valued at $8,208,000 after purchasing an additional 146,541 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of Territorial Bancorp during the third quarter worth approximately $3,726,000. Four Tree Island Advisory LLC bought a new position in Territorial Bancorp in the 4th quarter worth approximately $364,000. Finally, CKW Financial Group bought a new stake in Territorial Bancorp during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 50.35% of the company’s stock.

Territorial Bancorp Stock Performance

Shares of NASDAQ:TBNK opened at $8.33 on Tuesday. The company has a 50 day moving average of $8.41 and a 200-day moving average of $9.54. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. The firm has a market cap of $73.57 million, a P/E ratio of -16.66 and a beta of 0.59. Territorial Bancorp Inc. has a twelve month low of $6.92 and a twelve month high of $11.44.

Territorial Bancorp (NASDAQ:TBNK) last released its earnings results on Friday, January 31st. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.18). Territorial Bancorp had a negative return on equity of 1.72% and a negative net margin of 5.74%.

Territorial Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.48%. Territorial Bancorp’s dividend payout ratio (DPR) is -8.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Territorial Bancorp in a report on Sunday. They set a “hold” rating on the stock.

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.