American Century Companies Inc. Sells 1,209 Shares of Territorial Bancorp Inc. (NASDAQ:TBNK)

American Century Companies Inc. decreased its stake in Territorial Bancorp Inc. (NASDAQ:TBNK) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,638 shares of the financial services provider’s stock after selling 1,209 shares during the period. American Century Companies Inc.’s holdings in Territorial Bancorp were worth $305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Longfellow Investment Management Co. LLC acquired a new position in Territorial Bancorp during the second quarter valued at approximately $37,000. International Assets Investment Management LLC bought a new stake in shares of Territorial Bancorp during the 2nd quarter worth approximately $27,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Territorial Bancorp by 3.7% in the 1st quarter. Acadian Asset Management LLC now owns 79,342 shares of the financial services provider’s stock valued at $638,000 after buying an additional 2,801 shares during the last quarter. Institutional investors and hedge funds own 50.35% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on TBNK shares. Keefe, Bruyette & Woods upped their price target on shares of Territorial Bancorp from $9.66 to $11.27 and gave the stock a “market perform” rating in a research report on Wednesday, August 14th. StockNews.com started coverage on shares of Territorial Bancorp in a report on Thursday. They issued a “hold” rating on the stock.

Territorial Bancorp Stock Up 7.3 %

TBNK opened at $11.42 on Friday. The stock’s fifty day simple moving average is $9.67 and its 200 day simple moving average is $8.62. Territorial Bancorp Inc. has a 1-year low of $6.85 and a 1-year high of $11.64. The stock has a market cap of $100.86 million, a PE ratio of 45.68 and a beta of 0.61. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.95.

Territorial Bancorp (NASDAQ:TBNK) last issued its quarterly earnings data on Friday, July 26th. The financial services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The company had revenue of $8.90 million during the quarter, compared to the consensus estimate of $8.96 million. Territorial Bancorp had a negative net margin of 0.06% and a negative return on equity of 0.02%.

Territorial Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, August 9th. Territorial Bancorp’s dividend payout ratio is presently 16.00%.

About Territorial Bancorp

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.