Territorial Bancorp Inc. (NASDAQ:TBNK) Shares Sold by Yakira Capital Management Inc.

Yakira Capital Management Inc. reduced its holdings in Territorial Bancorp Inc. (NASDAQ:TBNK) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,994 shares of the financial services provider’s stock after selling 17,253 shares during the period. Yakira Capital Management Inc. owned approximately 1.06% of Territorial Bancorp worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CKW Financial Group acquired a new stake in Territorial Bancorp in the 4th quarter valued at about $35,000. Arrowstreet Capital Limited Partnership acquired a new position in Territorial Bancorp during the fourth quarter worth $99,000. Four Tree Island Advisory LLC purchased a new stake in Territorial Bancorp in the 4th quarter valued at $364,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Territorial Bancorp in the 3rd quarter worth $3,726,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Territorial Bancorp by 8.3% during the 4th quarter. Alliancebernstein L.P. now owns 500,523 shares of the financial services provider’s stock worth $4,870,000 after acquiring an additional 38,500 shares during the period. 50.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Territorial Bancorp in a report on Saturday. They issued a “hold” rating for the company.

Territorial Bancorp Stock Performance

TBNK opened at $8.33 on Friday. The stock has a market capitalization of $73.57 million, a PE ratio of -16.66 and a beta of 0.59. Territorial Bancorp Inc. has a one year low of $6.92 and a one year high of $11.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50 day moving average price is $8.52 and its 200 day moving average price is $9.65.

Territorial Bancorp (NASDAQ:TBNK) last posted its earnings results on Friday, January 31st. The financial services provider reported ($0.20) 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 business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.01 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.48%. Territorial Bancorp’s payout ratio is currently -8.00%.

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.