Here is the rundown on market activity for Territorial Bancorp Inc. (NASDAQ:TBNK). Director Kirk W. Caldwell sold 2,250 shares at an average price of $32.17 on Fri the 9th. The Director now owns $1,169,444 of the stock as recorded in a recent Form 4 SEC filing. Richard I. Murakami, Director sold $86,095 worth of shares at an average price of $31.33 on May 4th. That brings Murakami’s holdings to $1,154,855 per an SEC filing yesterday.
David S. Murakami, Director reported the sale of 9,478 shares. The shares were purchased at an average price of $31.25. Murakami now owns $1,237,781 of the stock per the Form 4 SEC filing.
Territorial Bancorp Inc., launched on November 3, 2008, is the holding company for Territorial Savings Bank (the Bank). The Bank provides financial services to individuals, families and businesses through its banking offices located throughout the State of Hawaii. Its business consists primarily of accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowings in one- to four-family residential mortgage loans and investment securities. The Bank offers a range of deposit accounts, including passbook and statement savings accounts, certificates of deposit (CDs), money market accounts, and commercial and regular checking accounts. Through its subsidiary, Territorial Financial Services, Inc., the Bank engages in insurance agency activities. It also offers various non-deposit investments to its customers, including annuities and mutual funds, through a third-party broker-dealer..
These funds have also shifted positions in (TBNK). Morgan Stanley added to its holdings by buying 10,802 shares an increase of 61.2% in the quarter. Morgan Stanley now controls 28,446 shares with a value of $887,000. The total value of its holdings increased 53.2%. As of the end of the quarter Goldman Sachs Group Inc had acquired 4,636 shares growing its stake by 63.5%. The value in dollars went from $209,000 to $372,000 a change of $163,000 quarter to quarter.
As of quarter end State Street Corp had bought a total of 11,323 shares growing its holdings by 5.4%. The value of the investment in (TBNK) increased from $6,827,000 to $6,837,000 a change of 0.1% quarter over quarter. As of quarter end Numeric Investors LLC had bought 4,831 shares growing its position 2.9%. The value of the company’s investment in Territorial Bancorp Inc. went from $4,787,000 to $5,357,000 increasing 11.9% for the reporting period.
On August 1 Keefe Bruyette & Woods kept the company rating at “Market Perform” and raised the price target to $27.00 from $24.00. July 31 investment analysts at Keefe Bruyette & Woods held the company rating at “Market Perform” but raised the price target from $24.00 to $25.00.
May 1 investment analysts at Keefe Bruyette & Woods kept the stock rating at “Market Perform” but moved up the price target to $24.00 from $23.00.
The company is down from yesterday’s close of $32.12. Additionally Territorial Bancorp Inc. announced a dividend for shareholders that was paid on Thursday May 25th, 2017. The dividend payment was $0.200 per share for the quarter or $0.80 annualized. This dividend amount was represent a yeild of $2.49. The ex-dividend date was set for Tuesday the 9th of May 2017.
The stock is trading at $31.43 a tad above $30.85, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $31.84. The 50 day moving average went up $0.58 or +1.8805% and the 200 day average went down by -1.3002%.
The P/E ratio is currently 17.3634 and the market cap of the company is 290.08M. In the last earnings report the EPS was $1.81 and is estimated to be $1.87 for the current year with 9,230,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.47 with next year’s EPS projected to be $2.10.
Short traders are more bearish on shares of the company as inferred by the uptick in short interest. The firm had a rise in short interest of 30.09% as of May 31, 2017 from the last reporting period. Short interest grew 9,864 over that period. Days to cover increased from 3.0 to 3.4 and the percentage of shorted shares is 0.00% as of May 31.