Four Tree Island Advisory LLC Invests $364,000 in Territorial Bancorp Inc. (NASDAQ:TBNK)

Four Tree Island Advisory LLC acquired a new stake in Territorial Bancorp Inc. (NASDAQ:TBNK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 37,441 shares of the financial services provider’s stock, valued at approximately $364,000. Territorial Bancorp comprises about 0.3% of Four Tree Island Advisory LLC’s investment portfolio, making the stock its 22nd biggest holding. Four Tree Island Advisory LLC owned about 0.42% of Territorial Bancorp at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake 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 valued at $8,208,000 after purchasing an additional 146,541 shares during the period. Oddo BHF Asset Management Sas bought a new position in Territorial Bancorp in the 3rd quarter worth approximately $3,726,000. Atria Investments Inc increased its position in Territorial Bancorp by 12.7% in the 3rd quarter. Atria Investments Inc now owns 12,204 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,380 shares during the period. International Assets Investment Management LLC raised its stake in Territorial Bancorp by 944.0% during the 3rd quarter. International Assets Investment Management LLC now owns 34,452 shares of the financial services provider’s stock valued at $3,300,000 after acquiring an additional 31,152 shares in the last quarter. Finally, CKW Financial Group acquired a new position in Territorial Bancorp during the 4th quarter worth $35,000. 50.35% of the stock is owned by institutional investors and hedge funds.

Territorial Bancorp Price Performance

Territorial Bancorp stock opened at $8.90 on Monday. Territorial Bancorp Inc. has a 12-month low of $6.92 and a 12-month high of $11.44. 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 50 day simple moving average of $9.62 and a 200-day simple moving average of $9.95.

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

Territorial Bancorp Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, February 14th. Territorial Bancorp’s payout ratio is currently -8.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Territorial Bancorp in a report on Saturday. 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.