Territorial BancorpTBNK
TBNK
About: Territorial Bancorp Inc operates as a bank holding company. It offers a wide variety of FDIC-insured deposit products and loan products for the consumer and small businesses. Its business consists 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 company offers a variety of deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts and Super NOW accounts Its loan segment portfolio consists of Residential Mortgage; Construction, Commercial, and Other Mortgage Loans; Home Equity loans & line of credit; and Consumer & others.
Employees: 240
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
5,000% more call options, than puts
Call options by funds: $51K | Put options by funds: $1K
75% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 8
44% more capital invested
Capital invested by funds: $27.5M [Q2] → $39.5M (+$12M) [Q3]
4.88% more ownership
Funds ownership: 38.52% [Q2] → 43.4% (+4.88%) [Q3]
7% less funds holding
Funds holding: 41 [Q2] → 38 (-3) [Q3]
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Research analyst outlook
We haven’t received any recent analyst ratings for TBNK.
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
Territorial Bancorp Shareholders Approve Hope Bancorp Merger
HONOLULU, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (“Territorial” or the “Company”) announced that its shareholders voted to approve the Company's proposed merger with Hope Bancorp, Inc. (“Hope Bancorp”) (NASDAQ: HOPE) at the Special Meeting of Territorial Stockholders held today.
Neutral
PRNewsWire
1 month ago
Blue Hill Advisors to Territorial Shareholders: No Risk to Territorial if Board Engages with Us
Hope Cannot Walk Away if Board Allows Investors to Perform Due Diligence Hope Can Only Walk Away if Board Changes Recommendation or Breaches Merger Agreement Calls on Board to Exercise Risk-Free Option to Explore Potentially Superior Offer Encourages Territorial Shareholders to Force Another Postponement by Voting AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 Responds to Illogical Board Excuses for not Engaging with Investors HONOLULU , Oct. 29, 2024 /PRNewswire/ -- Blue Hill Advisors today issued the following open letter to shareholders of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK). Dear Fellow Territorial Shareholders, Territorial's Board of Directors has flooded you with materials urging you to support the Company's proposed sale to Hope Bancorp, Inc. ("Hope") (NASDAQ: HOPE) and dismiss our proposal.
Neutral
GlobeNewsWire
1 month ago
Territorial Bancorp Inc. Announces Third Quarter 2024 Results
HONOLULU, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, reported a net loss of $1,318,000, or $0.15 per diluted share, for the three months ended September 30, 2024.
Neutral
PRNewsWire
1 month ago
Investors Behind Territorial Proposal Advance Offer with Detailed Disclosure to Board
Confidentially Provide Information Detailing Financial Wherewithal, Regulatory Experience and Oversubscribed Investor Interest Reduce Minimum Tender Requirement from 70% to 51% Call on Board to Recognize that Offer is "Reasonably Likely to Lead to a Superior Proposal" Remind Shareholders That Board Has Failed to Justify Territorial's Sale to Hope Urge Territorial Shareholders to Vote AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 HONOLULU , Oct. 25, 2024 /PRNewswire/ -- Investors behind a proposal submitted on August 26 to the Board of Directors (the "Board") of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) have disclosed information about themselves in an addendum sent to Territorial's outside counsel today (the "Addendum"). The investors have offered repeatedly since late August to engage with the Board and advance their proposal toward a binding agreement that they believe will be better for all Territorial stakeholders.
Neutral
GlobeNewsWire
1 month ago
Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS in Recommending that Territorial Shareholders Vote “FOR” Merger with Hope Bancorp
Glass Lewis Recognizes the Value Creation and Additional Upside that the Hope Bancorp Merger Provides to Territorial Shareholders
Neutral
PRNewsWire
1 month ago
Yakira Capital Refutes Territorial Bancorp's Board of Directors' Public Concerns Related to Acquisition Offer from Blue Hill Advisors
Board of Directors Continues its Refusal to Consider a Superior Offer from Blue Hill Advisors, Potentially Breaching their Fiduciary Duty WESTPORT, Conn. , Oct. 24, 2024 /PRNewswire/ -- Yakira Capital Management, an investment manager based in Westport, CT, has been compelled to issue an additional public response regarding Territorial Bancorp's (NASDAQ: TBNK) Board of Directors' rejection to consider a superior acquisition offer from the Blue Hill Advisors consortium, in favor of a merger with Hope Bancorp "Hope" (NASDAQ: HOPE).
Neutral
GlobeNewsWire
2 months ago
Leading Independent Proxy Advisory Firm ISS Issues New Recommendation in Support of Territorial/Hope Bancorp Combination
ISS Recommends Territorial Shareholders Vote “FOR” Hope Bancorp Transaction ISS Recognizes Value Creation Upside of the Hope Bancorp Merger and Risks and Uncertainty Associated with Blue Hill's Preliminary Indication of Interest Territorial Board Urges Shareholders to Follow ISS's Recommendation and Vote “FOR” the Hope Bancorp Merger Today HONOLULU, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (“Territorial” or the “Company”) today announced that leading independent proxy advisory firm Institutional Shareholder Services (“ISS”) has reissued its report assessing Territorial's proposed merger with Hope Bancorp, Inc. (NASDAQ: HOPE) (“Hope Bancorp”). In its report, ISS recommends that Territorial shareholders vote “FOR” the Company's pending merger with Hope Bancorp at the Special Meeting on November 6, 2024, at 8:30 a.m.
Neutral
PRNewsWire
2 months ago
Blue Hill Advisors and Investors Reaffirm Commitment to Territorial Transaction; Will Stand by Offer if Hope Deal Terminates
Reiterate Desire to Engage Directly with the Board, Not in a Public Fight Commit to Completing Transaction on the Same Proposed Terms if Sale to Hope Terminates Urge Territorial Shareholders to Vote AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 HONOLULU , Oct. 17, 2024 /PRNewswire/ -- Former Hawaii banking executive Allan Landon, Blue Hill Advisors and other leading bank investors today reaffirmed their commitment to successfully completing a transaction with Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) and clarified their intent to stand by their offer if shareholders vote down the proposed sale to Hope Bancorp, Inc. ("Hope") (NASDAQ: HOPE) at the adjourned Special Meeting of Stockholders on November 6. Mr. Landon and the investors, which also include O'Brien-Staley Partners and veteran bank investor Mark Lynch, have favored a collaborative approach with Territorial's Board of Directors (the "Board").
Neutral
GlobeNewsWire
2 months ago
Territorial Bancorp Says Blue Hill Has Provided No Basis to Deem Its Preliminary Indication of Interest Superior
No Proof of Committed Financing and/or Information to Validate Its Claims that a Transaction Could Receive Regulatory Approval and Be Completed
Neutral
GlobeNewsWire
2 months ago
Blue Hill Doubles Down on Cloak of Secrecy and Unanswered Questions
Blue Hill's Inability to Address Questions About How It Would Pay for or Complete an Acquisition Further Adds to Uncertainty, Risk and Doubt About Its Preliminary Indication of Interest
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