Mackay Shields LLC lowered its position in shares of Territorial Bancorp Inc (NASDAQ:TBNK) by 23.8% in the fourth quarter, Holdings Channel reports. The fund owned 7,936 shares of the financial services provider’s stock after selling 2,481 shares during the period. Mackay Shields LLC’s holdings in Territorial Bancorp were worth $206,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Maltese Capital Management LLC acquired a new position in Territorial Bancorp during the 3rd quarter worth approximately $149,000. Seizert Capital Partners LLC acquired a new stake in shares of Territorial Bancorp in the 4th quarter valued at approximately $220,000. Rhumbline Advisers boosted its holdings in shares of Territorial Bancorp by 42.0% in the 4th quarter. Rhumbline Advisers now owns 11,343 shares of the financial services provider’s stock valued at $295,000 after buying an additional 3,355 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Territorial Bancorp by 28.8% in the 4th quarter. Bessemer Group Inc. now owns 14,300 shares of the financial services provider’s stock valued at $372,000 after buying an additional 3,200 shares during the last quarter. Finally, Martingale Asset Management L P boosted its holdings in shares of Territorial Bancorp by 11.0% in the 4th quarter. Martingale Asset Management L P now owns 31,206 shares of the financial services provider’s stock valued at $811,000 after buying an additional 3,100 shares during the last quarter. 45.13% of the stock is owned by hedge funds and other institutional investors.

In related news, Chairman Allan S. Kitagawa sold 7,474 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $27.33, for a total value of $204,264.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Howard Y. Ikeda sold 3,666 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $27.61, for a total value of $101,218.26. Following the completion of the sale, the director now owns 30,000 shares in the company, valued at approximately $828,300. The disclosure for this sale can be found here. Corporate insiders own 11.70% of the company’s stock.

NASDAQ TBNK opened at $27.88 on Thursday. The company has a market capitalization of $269.60 million, a PE ratio of 13.73 and a beta of 0.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.97 and a quick ratio of 0.97. Territorial Bancorp Inc has a 12 month low of $24.96 and a 12 month high of $31.95.

Territorial Bancorp (NASDAQ:TBNK) last released its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $15.70 million during the quarter, compared to the consensus estimate of $15.70 million. Territorial Bancorp had a return on equity of 8.19% and a net margin of 25.13%. On average, sell-side analysts forecast that Territorial Bancorp Inc will post 1.97 earnings per share for the current year.

Several equities research analysts have recently commented on the company. ValuEngine raised Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Monday, March 25th. BidaskClub downgraded Territorial Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, March 14th. Finally, Zacks Investment Research raised Territorial Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, March 9th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $32.00.

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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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